A common fallacy is to assume that if your business or organisation is brilliant at what it does, and it’s something which creates social impact, your ideal customers will come knocking on your door. Any responsible… Continue reading
Tag: research
Is a local finance partnership for you?
A practical toolkit for local finance partnerships 26.10.2017 Partnerships between local finance organisations have many benefits, evidenced by existing collaborations between some responsible finance organisations. The ‘Creating Local Finance Partnerships Toolkit’ was created as a… Continue reading
Tackling Financial Exclusion Through Local Finance Partnerships
In 2016, responsible loan funds lent £20 million to 37,000 people and helped their customers deposit £3 million into savings accounts. Local finance organisations are innovative, responsive and resourceful but, at the moment, they don’t have… Continue reading
One in four 18-24 year olds likely to seek a payday loan
The number of British adults who say they are likely to seek a payday loan in the next six months has risen from 3.5 million individuals to 5 million since this time last year, with 26% of the 18-24 age group likely to do so. Continue reading
Demand for Community Finance soars as ethical lenders take on the Wongas
04.10.2012 Enquiries to ethical ‘community finance’ providers have more than doubled in the last year as individuals seek routes out of high interest debt traps, according to new figures released by the CDFA today. Continue reading
UK business: ambitions up, capital down, says survey
08.09.12 The Investec Entrepreneur Confidence Index shows encouraging ambitions for business growth – but found that only six per cent of respondents to a survey expected accessing capital for their growth plans to be easy. Continue reading
New figures show collapse in bank lending, and unsung heroes filling gaps
The Bank of England’s latest Trends in Lending report (pdf) has confirmed that lending to UK businesses fell by £3bn in the three months to May, with small and medium-size enterprises (SMEs) especially hard hit. Continue reading
CDFIs fill the finance gap for businesses in need
By investing in businesses in disadvantaged communities or struggling to access mainstream credit, CDFIs help to bring employment opportunities and needed services to deprived communities. Continue reading
BCC say results encouraging but access to finance a real problem for many firms
John Longworth, director general of the BCC (British Chambers of Commerce) today called for more action on access to finance for business as the BCC published its latest Quarterly Economic Survey. Continue reading
Battling the legal loan sharks and expanding affordable credit
18 October 2011. A series of articles and research on affordable credit provision and high cost lenders Continue reading