Recent years have seen a growing number of local councils across the UK, including Birmingham, Sandwell and Wigan, as well as the devolved administrations in Scotland and Wales adopting community wealth building to develop collaborative solutions… Continue reading
News
The Financial Times: Subprime lending and the fight against loan sharks
This FT coverage is a powerful demonstration of the importance of Community Development Finance Institutions in one of the world’s most respected newspapers. Continue reading
MPs in SME finance debate call for capital to community development financial institutions
11 November 2021 – In this week’s Westminster Hall “SMEs: Access to Finance” debate, Peter Gibson MP, Vice-Chair of the APPG on Fair Business Banking, said: “We must deliver a strong local finance option for businesses… Continue reading
Help more social housing tenants to avoid high-cost credit
Drawing on insights from professionals and tenants, a new report written by Fair4All Finance and Campbell Tickell presents the case for increased shared working between housing associations and affordable lenders. It says that there is significant… Continue reading
Chancellor will stifle 200,000 businesses if cross-party proposal ignored
20 October 2021 Kevin Hollinrake MP, co-chair of the cross-party APPG on fair business banking, has written to the Chancellor calling for the scaling up of CDFIs (community development finance institutions). If no action is taken… Continue reading
The ‘levelling-up’ lever
According to Michael Gove levelling-up means boosting local leadership, raising living standards, improving public services and giving people necessary resources. The Communities Secretary said last week every government department will be a “department for levelling up,”… Continue reading
The Times: Chancellor should support CDFIs so UK can level up (letter)
05.10.2021 Today’s Times newspaper published a letter from Peter Udale, a Responsible Finance director, about turning “levelling up” from a catchphrase into measures with tangible outcomes. Udale notes that levelling up should create more opportunities for… Continue reading
Level up now by boosting black-led, female-led and regional businesses – MPs back proposals
Government urged to “fix business funding chasm to level-up now” Reducing the barriers to finance for over 200,000 viable small businesses, especially those led by Black and Minority Ethnic entrepreneurs, women, and people outside London and… Continue reading
The Times: MPs call on Government to support CDFIs
04.10.2021 An article in today’s Times newspaper includes coverage of the call by the All-Party Parliamentary Group (APPG) on Fair Business Banking for Government to support CDFIs. In its recent report the APPG said Government should… Continue reading
Scam alert: we do NOT offer loans and never request bank details
We’ve been made award of fraudulent scam emails from people impersonating Responsible Finance. Some of the messages tell recipients a loan has been approved, and request their bank account details. Some use subject lines such as… Continue reading