Responsible Finance’s Post

On Monday, the impact report I've been working on with the Responsible Finance team since February was launched. It's been a long journey of data analysis, querying figures, collating information, drafting the report, helping with editing, and more. This report marks one of the last pieces of work I completed before taking a break in May to rest, recover, and adapt to working with a long-term health condition. Seeing the CDFI sector's growth, with record lending in 2023 and its impact on improving access to finance, is brilliant. What's particularly evident over the past few months is the growing support from partners and the government, creating the right environment for CDFIs to scale further with appropriate legislation and investment. CDFIs are experts at channelling funds into some of the most disadvantaged areas of the UK and to under-represented groups. And the surprising fact is that there are only around 50 CDFIs in the UK. The conversation has shifted from what it would take for CDFIs to lend £200-300 million to what it would take to lend £2-3 billion. 👉 If you'd like to read the report it's here: https://lnkd.in/ePS7EbiX #CDFIs #SocialImpact #ImpactReport

In the latest impact report from Responsible Finance CDFIs lent a record £287m, filling gaps in finance for vulnerable households and viable businesses and social enterprises that are not able to access mainstream finance. CDFIs have grown from lending of £9.2m in 2003 to operating at 31 times this scale in 2023. Since 2003 CDFIs have lent a total of £3.3bn and supported 848,000 customers. This is especially impressive given that the UK CDFIs receive little support from government and banks compared with their peers in other developed countries (France, USA, Netherlands, Italy). Imagine what the sector could achieve with greater support! #CDFIs #CommunityFinance https://lnkd.in/ekw6ENqW

Responsible Finance has released its Impact Report 2024, highlighting the achievements of all member CDFIs and all the ways they are meeting the gaps in finance. According to the report, CDFIs lent a record £287m in 2023, and this report highlights the great work being done by many of them across the country. You can read more stats and the full report here: https://lnkd.in/eWSFydQ2 

Loans from CDFIs help to reduce regional and economic inequalities.  60% of loans to SMEs were in the most disadvantaged areas of the UK. Read more in @resp_finance latest impact report https://lnkd.in/g6QzmxER #RipplesToWaves #BusinessLending #CDFIs 

Over the years, I’ve witnessed significant record-keeping mistakes related to reimbursement processing. If you’re financing infrastructure with a MUD, MMD, or PID, you need to watch this video. Schedule your LRS Discovery Call at [email protected]  #LaunchDFA #InfrastructureFinance #PublicFinance #DevelopmentFunding

In 2023, CDFIs filled lending gaps, creating economic impact and reducing inequalities.   The latest impact report from Responsible Finance highlights CDFI lending to businesses as follows:   - £102 million lent to startups and small businesses. - 99% of supported businesses had been declined by other lenders. Read the full report here: https://lnkd.in/eWSFydQ2

Hear what Mud has to say about the Impact of Rising Interest Rates on the business finance industry! Looking to Join the BIGGEST Funding Network? Sign up here: afnaccess.com #businessreferals #fundingnetwork #businessfunding

GBF CREDIT RATING IMPROVES AGAIN Gold Band Finance (GBF) has just received an upgraded credit rating from B+ Positive to BB- Stable from Equifax Australasia Credit Ratings, reflecting consistent earnings, strengthened capital and healthy liquidity. The rating was upgraded due to GBF’s continued increase in net operating income, sustained healthy net interest margins and ‘perpetuation of a substantial headroom over minimum capital requirement’. Equifax says GBF has benefitted from an operating history dating back to 1986, consistent and healthy profitability and a lean and efficient cost structure. The rating may be further revised upward “with sustained maintenance/improvement in scale, while maintaining profitability and asset quality.”   We’re understandably pleased with the external recognition of GBF’s overall financial position. We’re also extremely proud of the work we’ve done over the last four decades to not only provide a prudent and consistent approach to investment, but to also support the needs of a growing number of people throughout the South Island. Our growth across the Mainland, with dedicated managers and specialists in the West Coast, Top of the South and Otago, means we can be more responsive to the needs of our community and provide a range of tailored financial products. For more on the upgrade and the full credit rating report, visit www.GBF.co.nz

Management of family wealth transfer between generations can be extremely tricky. You are constantly navigating; 🔖Tax Management 🔖Asset Utilisation 🔖Reducing Income Pool In our latest transaction, we were able to help our client purchase an asset for their children while utilising cash-flows paid by their SMSF as if it were a business. This helped to structure a transaction that enabled wealth transfer via property acquisition while managing tax implications, asset utilisation and maximising available income pool.

🚀 **Maximizing Impact with The Power of Help!** 🚀 The Power of Help provides CDFIs with the tools and expertise needed to successfully implement federal grant programs. Our services include comprehensive support in financial management, compliance, and strategic development, ensuring your organization achieves its mission and fosters community growth. 🏘️📈 #ThePowerOfHelp #CDFI #FederalGrants #CommunityImpact #Consulting #climatecrisis #sustainability #finance #banking #fintech #climatechange #investment #GreenBanking #SustainableFinance #EcoFriendlyBank #RenewableBanking #ClimateSolutions #SustainableInvesting #EcoFinance #ResponsibleBanking #financialliteracy #finance #investing