Close £22bn business funding gap to make levelling-up reality, say MPs A multi-billion pound funding gap for small businesses is preventing the UK from “levelling-up,” according to an in-depth, cross-party Parliamentary inquiry. The “Scale Up to… Continue reading
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How to fix broken markets and stimulate social investment with Danny Kruger MP
How can Government stimulate a boom in the social economy? What’s the vital role that social enterprise play in fixing broken markets from within? How can we unlock more investment for the UK’s CDFIs? An interview with Danny Kruger MP. Continue reading
Provident Financial directs former customers to responsible finance members and credit unions
Provident Financial, which has closed its doorstep lending arm, has written to former customers to direct them to our members (community development finance institutions) and to credit unions. Our members exist so people can get affordable… Continue reading
Alpkit – sustainable growth, business for good and responsible finance
Can business be a force for good? Definitely, according David Hanney, CEO of Alpkit, a business and certified B Corp which designs and sources outdoor clothing, camping equipment, bikes and other gear. Alpkit sells direct-to-consumers through… Continue reading
The Financial Times: Crackdown on high-cost credit leaves gap that must be filled
Writing in today’s (25 May 2021) Financial Times, business columnist Helen Thomas stresses the need for the UK to give more attention and investment to expanding alternatives to high-cost credit that can provide financial products in… Continue reading
Help more people, businesses and social enterprises get access to responsible finance
Tens of thousands of businesses, social enterprises and people thrive every year thanks to community development finance. But many more are still excluded from affordable options. It’s time to grow community development finance institutions. For people.… Continue reading
New Start: Ethical lenders build better future for 31,000 people
Community Development Finance Institutions have helped 31,000 people save £11m in interest in recent months, and this impact and other data from our “Building a Better Future” report is covered in this article in UK “making… Continue reading
As Provident crumbles ethical lenders build better future for 31,000 customers
Community Development Finance Institutions helped 31,000 people save £11 million in interest, according to a new report published today (19 May 2021), which highlights the urgency of scaling-up the ethical, not-for-profit affordable credit sector. Politicians across… Continue reading
Pioneers Post: Danny Kruger on major opportunity for UK social enterprises from £7.6bn new funding
Pioneers Post, the international social enterprise and impact investment magazine, featured Danny Kruger MP’s conversation with Responsible Finance CEO Theodora Hadjimichael about embedding social enterprise into the UK’s recovery in this article. Kruger emphasised how he… Continue reading
Cross-party acclaim for community development finance as report reveals thousands of businesses supported
Filling a gap, fuelling thousands of businesses: report shows 12,640 jobs protected by financial superpower Thousands of jobs and businesses have the UK’s “financial superpower” to thank for lending where banks could not, according to new… Continue reading