‘To build back better’ we need a new economic and social model to replace the one that preceded the crisis. Because before the crisis hit, our communities were in trouble.’ Responsible Finance welcomes Danny Kruger MP’s… Continue reading
News
Coronavirus Business Interruption Loan Scheme Update – 30th August
As of 30th August 2020, CDFIs have approved £38.9 million of CBILS-backed loans for 518 small businesses and microenterprises.
Turning £30m into £89m for under-served businesses, CDFIs can help Build Back Better
The RF Fund was established in 2012 with two key objectives: to capitalise community development finance institutions (CDFIs) so they could lever further investment and scale up their economic and social impact; and to grow and support private-sector jobs and economic prosperity in places dependent on the public sector following the 2008 financial crisis. This Impact Report demonstrates it has achieved both objectives and exceeded the Government’s ambitious targets for businesses and jobs supported, while also unlocking millions of pounds of further private capital. Continue reading
Leicester Mercury / Leicestershire Live: recording studio boss Yasin is best in Britain
There’s a super profile of Yasin El Ashrafi, founder of a recording studio and music education business who was expelled from school at 15, spent 9 years “getting high” then turned his life around and launched… Continue reading
Exceptional businesses and finance providers win Citi Microentrepreneurship Awards 2020
Four firms awarded £7,500 prizes in microentrepreneurship awards celebrating their success and support from responsible finance providers A business launched to make the world accessible to disabled travelers, a plastic-free zero waste store which has revitalised… Continue reading
CBILS Update – 6th July
As of 6th July 2020, Responsible Finance can confirm that our members have approved £24.6 million of loans for 394 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
Tomorrow’s Summer Statement Should Commit to Investing in CDFIs to Prevent Unemployment and Stimulate Job Creation in SMEs which Fall Between the Cracks
CDFIs prevent and reduce unemployment by supporting businesses, fostering inclusive growth, boosting productivity and facilitating enterprise creation. They are key strategic partners for the Government and the British Business Bank, and the sector needs urgent access… Continue reading
CBILS Update – 22nd June
As of 22nd June 2020, Responsible Finance can confirm that our members have approved £23 million of loans for 377 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
CBILS Update – 8th June
As of 8th June 2020, Responsible Finance can confirm that our members have approved £20.8 million of loans for 356 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
The Government should end the delay in granting alternative lenders access to Bank of England funds
The UK’s non-bank lenders and the Government are continuing to discuss access to cheap funding from the Bank of England. It is clear that without this, non-bank lenders and the diversity they bring to the SME… Continue reading