Peter Udale
@udalep
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Joined June 2009
CDFIs are a lifeline for small businesses that can’t access mainstream funding. The Community ENABLE Funding programme will help CDFIs meet growing demand to support even more businesses, says Theodora Hadjimichael, CEO of @resp_finance. Find out more: https://t.co/obnKEml4St
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4. Improving #accesstofinance with new commercial bank-backed Community Development Finance Institutions & enhancing the British Business Bank’s funding tools. This will help small businesses secure the funding they need to start up & grow. Thread 5/5
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Announcing the release of our Social Impact Report 2023/24! Read or download the full report to dive deeper: https://t.co/dQ5MoGPmLS Our deepest gratitude to our partners, clients, and every member of our staff for helping First Enterprise create such meaningful change!
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The Small Business Finance Markets Report was recently launched by @BritishBBank. The Minister for Small Business highlighted the work of the CDFI sector and @resp_finance in his speech. https://t.co/O3eM47gsmb
#CDFIs #ResponsibleFinance #SMELending
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We're thrilled to announce the second phase of our Community Investment Enterprise Facility (CIEF), with investment from @LBGplc, the first mainstream lender to support Community Development Finance Institutions (CDFIs) access wholesale funding at scale. Read the full release to
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Great to hear Theo Hadjimichael from @resp_finance speaking at this Treasury Select Committee Enquiry, highlighting how legislation in the US has supported CDFI growth - exactly what could be achieved in the UK with a Fair Banking Act. #FairBankingForAll
https://t.co/WCMH4ulpNN
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Coffee in the House of Lords this morning with Lord Kamal - discussing disadvantaged communities, funding for us and possibly playing together in a band!! Great to have his support.
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Awesome opportunity to shout from the rooftops about cdfi's AND get paid for it! Wish I was an agency! 💞 👇🏼👇🏼
We're looking for a Marketing and PR agency to support our work as we try to increase awareness of community finance providers - one of the UK's best kept financial secrets. You have until 5pm on Monday 2 October 2023 to submit your proposals. https://t.co/1ANFkqXpeH
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We’re proud to be part of the @FBfACampaign, and looking forward to attending the Parliamentary roundtable with @APPGbanking and the APPG on Debt & Personal Finance to discuss the Fair Banking Act. #FairBankingForAll
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Here is one of our investors explaining why he thinks an investment in Purple Shoots is a good thing:
purpleshoots.org
Investment: Make an Investment - Invest in Purple Shoots and enjoy 25% tax relief over the next 5 years, under the government’s Community Investment Tax Relief (CITR) incentive.
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The @NatWestGroup and @resp_finance Hardship Grants are supporting individuals affected by the cost of living crisis. Listen to Raghu Narula explaining the impact of the grants. 🔊 #CDFIs #CostOfLivingCrisis
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Yay it's here - our latest impact report showcasing what our members have achieved in 2022. CDFIs lent £248 million to 95,000 customers. A 20% increase in lending and a 22% growth in customer numbers. https://t.co/Z5XdP0tyJ4
#SocialImpact #CDFIs #TheyBelievedInMe
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Nearly 7 in 10 would support a new law requiring banks to report on how equally they provide services to people from different backgrounds or status. Read why this is important, and how it’s possible here: https://t.co/adpIhX7s56
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We recognise the vital role that Community Development Finance Institutions play in society. Reflecting on a recent @resp_finance Members' Day, Relationship Manager Jason James shares commentary on the importance of alternative sources of finance: https://t.co/LD5Z3KqI2V
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With support from the banking sector community lenders can unlock inclusive growth across the UK. Add in £150mn of dormant assets and you create +£4bn of economic value. @DCMS @ahawksbee @hmtreasury
We’re proud to have worked with our community partners to release a new policy paper: ‘Fair Banking for All: Why the UK needs a Fair Banking Act to tackle financial exclusion’. #FairBankingForAll Read it here: https://t.co/adpIhX7s56
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Such a great story.. we def need more CDFIs is the UK. By leveraging dormant assets 5x with private capital, CDFIs unlock inclusive growth in deprived areas. @resp_finance @DCMS @hmtreasury
The Lowell Development & Financial Corpororation was started in 1975 with under $1 million. Its achievements over the last fifty years would make most British towns blush. Community Development Finance Institutions (CDFIs) work, and the UK needs more of them.
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📢Out now! New policy paper ‘Fair Banking for All: Why the UK needs a Fair Banking Act to tackle financial exclusion’, outlines how we can create a step-change for financial inclusion in the UK. #fairbankingforall
financeinnovationlab.org
The UK has some of the worst levels of financial exclusion in relation to comparable economies. Millions of people do not have access to the financial services they need for day-to-day living. This...
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Millions of people on low incomes are suffering from high costs, stress and hardship because they are denied access to basic banking services. We need a Fair Banking Act to change that - new report out today. #fairbankingforall
https://t.co/uaIZL04m3q
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In today’s Budget the Gov't has announced an expansion in Community Investment Tax Relief. Theodora Hadjimichael, our CEO, said “CITR is an important tool to help CDFIs raise funding for social impact lending.” Read more: https://t.co/vAi6fhrcVW
#CDFIs #CITR #SpringBudget2023
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Great meeting today with the other enterprise lenders in #ResponsibleFinance discussing our #socialimpact and how much we are dufferent from anyone else in the #financeindustry. #doinggoodwithfinance
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