Report published on CDFI lending to social enterprise and charities

According to ‘Inside Community Finance’, a statement issued by the Community Development Finance Association (CDFA), in the year to March 2012, community development financial institutions (CDFIs) lent £145 million to social sector associations, but this decreased to £48 million the following year, to March 2013. The CDFA blamed the fall on restructuring in the two main social banks, Triodos and Charity Bank, which are members of the CDFA. However, there was a 37% increase in lending by the remaining 51 CDFIs in the year to March 2013. More increases in lending to small firms is expected by the CDFA in 2014/15 as more CDFIs begin to access Government funds via the New Enterprise Allowance and Start Up Loans programmes.
Read more about the CDFA report at:
http://www.civilsociety.co.uk/finance/news/content/16973/cdfi_lending_to_
charities_and_social_enterprises_down_almost_100m_in_year_to_march_2013

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