The cdfa / Policy / Useful links

Useful links

CDFI sector resources

Below is a list of useful resources and organisations relevant to the community finance sector. Don’t forget that you can find your nearest community finance provider via our Finding Finance website and our member directory.

Anti Money Laundering
Most CDFIs, as providers of credit, will have to comply with Anti Money Laundering procedures. The OFT website provides some guidance on compliance.

Big Society Capital
Independent financial institution with aim to “build a sustainable social investment market to help social sector organisations increase their impact on society” by investing in intermediaries.
www.bigsocietycapital.com

BIS: the Department for Business, Innovation and Skills
The government department responsible for small business and enterprise policy. The Enterprise Directorate at BIS, CDFA’s core funder, works across Whitehall, the Regional Development Agencies and key delivery partners to ensure that Government – national, regional and local – understands and responds to the needs of entrepreneurs and small businesses.
www.bis.gov.uk

Centre for Economic and Social Inclusion
A not-for-profit company dedicated to tackling disadvantage and promoting social inclusion in the labour market.
www.cesi.org.uk

Centre for Responsible Credit
A dedicated unit established within the Centre for Economic and Social Inclusion to monitor the development of credit markets; research models of responsible provision; and promote policy responses which protect the long term interests of households.
www.responsible-credit.org.uk

Charity Commission
Some CDFIs are registered charities. The Commission provides guidance on how to register to become a charity, the benefits of being a charity, reporting requirements and charitable objectives.
www.charity-commission.gov.uk

Clearly So
Helps social enterprises to find investment, investors to connect with inspiring social businesses, and corporates to discover the thriving social sector.
www.clearlyso.com

Community Development Foundation
A social enterprise with unique expertise in using community development to strengthen local voices, improve people’s lives and create better places to live.
www.cdf.org.uk

Community Investment Coalition
A partnership of national organisations including financial providers, charities, trade associations and academic bodies with a mission to promote access to affordable finance for families, businesses and communities.
www.communityinvestment.org.uk

Community Investment Tax Relief
The CITR scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses and other enterprises in less advantaged areas by investing in accredited community development finance institutions (CDFIs). The tax relief is available to individuals and companies, and is worth up to 25% of the value of the investment in the CDFI. The relief is spread over five years, starting with the year in which the investment is made.
www.hmrc.gov.uk/specialist/citc_guidance.htm

Consumer Credit Act
The Office for Fair Trading issue guidance on consumer credit licensing. Most CDFIs hold a consumer credit licence.
www.oft.gov.uk/about-the-oft/legal-powers/legal/cca/

Department for Work and Pensions (DWP)
UK financial inclusion policy is coordinated by the Department for Work and Pensions. The department administers the Growth Fund, which is designed to expand the reach of non-profit lenders offering affordable personal loans.
www.dwp.gov.uk

Enterprise Finance Guarantee
A scheme launched in January 2009, intended to help smaller businesses who may be struggling to secure finance by facilitating bank loans of between £1,000 and £1 million. The scheme aims to help credit-worthy companies which might otherwise not be able to access the finance they need for working capital or investment finance due to the current tight lending conditions.
www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guarantee

Fair Finance Consortium
A group of independent social businesses that lend to businesses throughout the West Midlands.
www.fair-finance.net

National Enterprise Network
A membership body for those committed to the support and development of enterprise. Members are not-for-profit organisations which provide independent and impartial advice, training and mentoring to new and emerging businesses.
www.nationalenterprisenetwork.org

National Housing Federation
The National Housing Federation is the body that represents the independent social housing sector. Its members provide two and a half million homes for more than five million people. And each year they invest in a diverse range of neighbourhood projects that help create strong, vibrant communities.
www.housing.org.uk

nef (new economics foundation)
nef
(the new economics foundation) is an independent think-and-do tank that inspires and demonstrates real economic well-being.
www.neweconomics.org

Nesta
Nesta is an independent charity with a mission to help people and organisations bring great ideas to life, and a leading investor in innovation, from technology start-ups and public policy, to social enterprise and backing creative individuals.
www.nesta.org.uk

Next Generation Finance Consortium
A new private-led initiative to create a platform where entrepreneurs can find alternative sources of funding for their high growth businesses (CDFA is a founder member).
www.ngfc.org.uk

Social Enterprise UK
National organisation promoting social enterprise in the UK.
www.socialenterprise.org.uk

South West Business Finance
A partnership of agencies in South West England which supports businesses that need more finance than the bank can lend for start up and growth.
www.southwestbusinessfinance.co.uk

The Social Investment Business
A specialist fund manager investing in civil society organisations.
www.sibgroup.org.uk/the-social-investment-business/

UK Sustainable Investment and Finance Association
UKSIF the membership network for sustainable and responsible financial services, promoting responsible investment and other forms of finance that support sustainable economic development, enhance quality of life and safeguard the environment.
www.uksif.org

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