Published: 15th Nov 2019

Community Investment Steering Group has launched a new report, ‘Scaling Up Community Investment in the UK,’ which calls on the government and investors to enable more positive social and economic impact in left-behind communities.  According to the report, social and economic impact can be achieved by supporting Community Development Finance Institutions (CDFIs) and targeting small and micro businesses who are struggling to access mainstream finance. The report maintains that the government must create a supporting ecosystem, where investors can commit to more capital resulting in a potential risk-adjusted return. In the last five years, £425m has been lent to CDFIs to over 40,000 businesses, allowing the creation or safeguarding of over 72,000 jobs. As these businesses are often located in so-called ‘left-behind communities’ in the UK, there is a great potential for positive social impact, according to the report. Bob Annibale, chair of the Community Investment Steering Group said: ‘I’ve … (To read the full article, subscribe below)