The article highlights community development finance institutions and the need to scale up affordable credit. Continue reading
News
Responsible Finance responds to the Adebowale Commission on Social Investment’s report
Our member Community Development Finance Institutions (CDFIs) are social enterprises. This means they are familiar with the type of slow, organic growth described in the Adebowale Commission on Social Investment’s new report ‘Reclaiming the Future: Reforming… Continue reading
Purple Shoots seeks South Yorkshire’s hidden entrepreneurs
Responsible Finance member Purple Shoots is looking for “hidden entrepreneurs” in South Yorkshire as it expands after helping hundreds of people start small businesses in Wales. The not-for-profit micro-finance organisation tackles poverty, disadvantage, unemployment and social… Continue reading
CLES: Community wealth building – making financial power work for local places
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
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