The Government has made a commitment to collate and publish bank lending data on a postcode-level basis – and says legislation will follow if “negotiations with industry fail to deliver.” Continue reading
Tag: Policy
Don Foster launches the Community Shares Unit at CDFA conference
Vince Cable at Community Finance > Forward Thinking
£60m small business scheme launched by Regional Growth Fund
Business Secretary Vince Cable today launched a £60 million pot of Regional Growth Fund investment and bank finance at the Community Development Finance Association’s (CDFA) annual conference. Continue reading
New Business Bank welcomed – but must work with CDFIs
CDFA today welcomed Vince Cable’s announcement of £1bn backing for a British Business Bank – but said the new body must work with community finance providers otherwise starved small businesses won’t benefit. Continue reading
Banking Reform proposals do not adequately support economic growth
07.09.2012: The UK’s banks need to re-focus on the core business of ‘lending to the real economy so as to contribute to balanced and sustainable growth’ according to a submission to the Banking Reform White Paper, issued today. Continue reading
£80bn scheme a missed opportunity for businesses who won’t see a penny
The government has missed a vital opportunity to help the most vulnerable businesses in the UK, said CDFA’s Ben Hughes today, adding “small local businesses starved of bank finance won’t see a penny of this fund.” Continue reading
DWP investment “to secure future of credit unions” and other social lenders
CDFA’s Ben Hughes welcomes investment into the social lending sector – but says more is needed to reach all communities across the UK. Continue reading
Financial Services Bill amendment: support community reinvestment in the UK
CDFA has drafted a letter to Lord Sassoon asking him to support Lord Sharkey’s ‘deprived communities’ amendment to the Financial Services Bill – and we need your support. Continue reading
As Startup Loans are Go!, CDFIs can help – and can Make Business Your Business
CDFA’s chief executive Ben Hughes today welcomed a new package of loan finance and mentoring for young people wanting to start their own businesses – and said community finance providers are logical delivery partners for the scheme.
And CDFIs feature within a new report on supporting start-up and small business development by the Prime Minister’s enterprise adviser, Lord Young, which was launched today. Continue reading