*-required Your Name * Your Email * Street Address* Post Code* Your Message I am writing to you to ask for your support for the Community Development Finance sector and to ask that you press the Government to find out what changes it will be introducing to ensure that the sector can continue delivering finance in deprived communities. CDFIs have, for the last decade, been providing loans and support to small businesses, social enterprises and individuals in deprived communities, with a mission to create wealth where it does not exist. The sector is now worth £400,000,000. It has financed over 24,000 businesses and individuals, created 15,800 jobs and sustained 70,000 more. In addition, it has levered £365,000,000 additional funds into the UK’s most disadvantaged communities. As social enterprises, CDFIs are not just making their business decisions based on commercial grounds. They reinvest their finance again and again into local communities. The social benefit is key to their lending and investment decisions. They are not a parallel banking system, rather a social enterprise solution in areas where the banking system is unable to offer support. CDFIs are an effective way of leveraging extra finance into the economy. They have infrastructure in place which is ready to quickly deliver finance in a targeted way directly into the communities most affected by the recession. They attract other sources of investment on top of their own and are proven to deliver return on investment by creating businesses, jobs and social benefit. However, while CDFIs face unprecedented demand for finance during the downturn they also face a struggle on several fronts to attract the necessary funding and support to meet the needs of deprived communities. CDFIs risk major curtailment of activities at this critical time when they are needed most by the communities they serve. With increased support and renewed partnership with the central, regional and local government, agencies, the banking sector, regeneration agencies and charitable trusts this innovative sector can continue to be a credible force for social change with a central role to play helping the communities most badly affected by the recession to help themselves. I look forward to hearing from you. Regards
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Your Email *
Street Address*
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Your Message I am writing to you to ask for your support for the Community Development Finance sector and to ask that you press the Government to find out what changes it will be introducing to ensure that the sector can continue delivering finance in deprived communities. CDFIs have, for the last decade, been providing loans and support to small businesses, social enterprises and individuals in deprived communities, with a mission to create wealth where it does not exist. The sector is now worth £400,000,000. It has financed over 24,000 businesses and individuals, created 15,800 jobs and sustained 70,000 more. In addition, it has levered £365,000,000 additional funds into the UK’s most disadvantaged communities. As social enterprises, CDFIs are not just making their business decisions based on commercial grounds. They reinvest their finance again and again into local communities. The social benefit is key to their lending and investment decisions. They are not a parallel banking system, rather a social enterprise solution in areas where the banking system is unable to offer support. CDFIs are an effective way of leveraging extra finance into the economy. They have infrastructure in place which is ready to quickly deliver finance in a targeted way directly into the communities most affected by the recession. They attract other sources of investment on top of their own and are proven to deliver return on investment by creating businesses, jobs and social benefit. However, while CDFIs face unprecedented demand for finance during the downturn they also face a struggle on several fronts to attract the necessary funding and support to meet the needs of deprived communities. CDFIs risk major curtailment of activities at this critical time when they are needed most by the communities they serve. With increased support and renewed partnership with the central, regional and local government, agencies, the banking sector, regeneration agencies and charitable trusts this innovative sector can continue to be a credible force for social change with a central role to play helping the communities most badly affected by the recession to help themselves. I look forward to hearing from you. Regards
