Just Finance manifesto
Just Finance is our vision for the future of community finance.
Access to fair and affordable finance remains a barrier to many. This is a drag on our economy – entrepreneurs are being held back and there is a dearth of community reinvestment.
CDFIs are stepping up to fill the gaps caused by market failure. But to fill the £6bn gap, community finance needs more investment.
Just Finance maps the actions that are needed to ensure we all have the basic right of access to fair finance. These include:
Banks must work with CDFIs and refer on declined customers
A £150m capital fund must be created to expand the CDFI network
Local Enterprise Partnerships (LEPs) and local authorities must use CDFIs as channels for distributing European funding
The Government must introduce community investment legislation, to support underserved markets
The Financial Conduct Authority (FCA) must ensure banks disclose where they are and are not lending, and how they support community lending
Major investment is needed in community finance infrastructure, to link up lending, community saving and support
Community finance must reach the scale to ensure access to fair finance is no longer the preserve of the few, but the right for us all. Support us in making this a reality.
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