15 March 2023: In today’s Budget the Government has announced an expansion in Community Investment Tax Relief, a targeted intervention which increases access to finance for SMEs, social enterprises and charities by stimulating private investment in… Continue reading
News
CDFIs instrumental in Dormant Assets delivery, Responsible Finance welcomes consultation response
7th March 2023: today the government announced social investment and financial inclusion will continue to be supported by money from dormant accounts when the scheme expands to include assets from additional industries. This is good news… Continue reading
Block Inc and Unity Trust Bank investment in ART breaks new ground
2 March 2023: Global technology company Block Inc and ethical lender Unity Trust Bank break new ground in impact and place-based investing in the UK with £4m investment into ART Business Loans (ART), one of the… Continue reading
£40m ‘landmark deal’ will help more key workers avoid high-cost lenders
Responsible Finance member Salad Money agrees package with US funder in landmark deal for UK community finance sector Social enterprise Salad Money will serve rocketing demand for affordable credit from NHS and public sector workers thanks to… Continue reading
Best ever festive season for trend-setting homeware business after CDFI loan
A Cheshire-based businesswoman who is setting contemporary trends in homeware celebrated her best Christmas season ever thanks to a £6k loan from the Business Enterprise Fund (BEF). NINA D specialises in a luxurious range of Scandi… Continue reading
NatWest backs community development finance institutions with £900,000 Cost of Living support
11 January 2023: £900,000 to help Responsible Finance and its not-for-profit members serve more financially vulnerable or excluded households • Package is part of NatWest’s new £5.7m hardship funding to provide cost of living support through… Continue reading
The Financial Times: CDFIs play a vital role in supporting consumers, not only with credit
19 December 2022: Financial Times banking and fintech correspondent Siddharth (Sid) Venkataramakrishnan’s latest piece (published in the FT Future of Money newsletter and online) says: “The not-for-profit world of CDFIs does not have the same rock… Continue reading
Massive Social Impact, Open Banking and Machine Learning with Tim Rooney, Salad Money
Are you ready for some big numbers? How about £165 million? Just one of the staggering figures revealed in Salad Money’s new and first ever impact report. In this new podcast interview Salad CEO Tim Rooney… Continue reading
Energy, commitment, impact and opportunity – Member Day 2022 Report
Our members’ work has never been more needed by people, businesses and social enterprises, so we were delighted with the turn-out and content of our 2022 Member Day in Bristol. More than 100 CDFI leaders and… Continue reading
Salad Money and Fair4All Finance agree £2m package to grow alternatives to high cost lending for NHS and public sector workers
Salad Money, a social enterprise and Responsible Finance member, has agreed a new £2m facility with not-for-profit financial inclusion organisation Fair4All Finance. The deal will help meet increasing demand from NHS and public sector workers who might otherwise turn to unaffordable payday loans or even loan sharks. Continue reading