Community Development Finance Institutions:
a new financial instrument for social, economic and physical renewal

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 February 21, 2002

The UK Social Investment Forum (UKSIF) joins forces with the Treasury and banks to highlight a new source of help for enterprises turned down for loans by banks.

Small businesses were today urged by the Treasury to take advantage of an emerging breed of not-for-profit financial service companies that specialise in lending to organisations refused loans by banks.

A new report published by UKSIF highlights how Community Development Finance Institutions (CDFIs) offer small enterprises the opportunity to borrow at market cost even where they have been refused loans by banks.

Community Development Finance Institutions: a new financial instrument for social, economic and physical renewal, stresses the important role that these new sources of finance are already playing in making lasting differences to communities across the UK.

The secretariat and research were
kindly supported by:

• Bank of Scotland
• Calouste Gulbenkian Foundation
• Charities Aid Foundation
• Ecology Building Society
• Hadley Trust
• Joseph Rowntree Foundation
• Lloyds TSB
• Nat West / Royal Bank of Scotland Group
• Northern Rock
• Unity Trust Bank