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Call to communities looking to strengthen their local economies

Communities across England have the chance to shape their local economies with the launch of an exciting new Community Economic Development (CED) programme.

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Financial Inclusion Commission calls for new Minister for Financial Health

New report sets out vision for financially inclusive Britain and recommends measures to promote sustainability of community finance and for banks and other lenders to work more closely with community finance firms

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Winners announced in the 2015 Citi Microentrepreneurship Awards

Outstanding entrepreneurs and community lenders celebrated at national awards for their achievements in creating jobs, services and prosperity in their communities.

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Citizens UK launches proposal to save half a million people from debt

A proposal to use £200m of fines on banks and payday lenders to support community finance organisations such as credit unions has today been launched by the national community organising charity Citizens UK. The idea, which is supported by the Archbishop of Canterbury’s Task Group on Responsible Credit and Savings, would see the creation of a Community Finance Foundation to help ethical alternatives to high-cost credit expand their reach and improve their sustainability. It is estimated that over the next five years such a venture would help 500,000 people avoid high-cost credit, saving them over £200m per year in interest and fees and reducing the cost of problem debt on wider society by £1.4bn.

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CDFA welcomes Government support for a sustainable future for CDFIs

The British Business Bank has today announced that it is commissioning new, independent research to facilitate a report on the sustainability of the CDFI sector. The report will be published in June.

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CDFI Graduate Internship Programme 2015 launches.

The CDFA, alongside BCRS Business Loans, Financing Enterprise and Social Investment Scotland, launched its first Internship Programme – with successful interns due to start in autumn 2015.

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Join us for the community finance event of the year

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Green, gourmet and graveyard businesses announced as finalists for Microentrepreneur of the Year Award

A renewable energy firm, a luxury chocolate shop and an innovative management system for graveyards are among the businesses announced as finalists for this year’s UK Citi Microentrepreneurship Awards. The national awards scheme celebrates innovative and growing businesses that have taken off with the help of alternative finance from community lenders (known as CDFIs).

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Alternative lenders inject half a billion pounds into UK economy

Community-focused alternative lenders have contributed over half a billion pounds to UK GDP, according to new research from the CDFA, released today. The lenders have responded to increased demand for non-bank finance, and in the process helped to create 11,500 new businesses, supported over 20,000 jobs and aided 42,000 people avoid high-cost credit.

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European Microfinance Good Practice Award opens for entries

The Giordano Dell’Amore Microfinance Good Practices Europe Award aims to increase the understanding of the importance of microfinance as a tool to fight poverty and social exclusion in Europe, to encourage European microfinance practitioners to share good and transferable practices in the field of microfinance and to promote and spread these good practices to other microfinance agencies in Europe.

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