Published: 30th Jun 2014

While you were reading New Start’s April edition ‘The community finance revolution’, we had started our own in Bournemouth. We want to keep our talented entrepreneurs and those leaving our universities and colleges, for the future benefit of us all. One of the ways we can help people to live and work in the town is by offering access to finance for homes and businesses to those who can afford to pay. We are providing local lending for local people, with decisions made locally, on a case-by-case basis. Bournemouth Council is investing up to £15m of reserves in our community finance Initiative. As a council we are providing mortgages and Bournemouth Community Finance Company Ltd, a company wholly owned by the council, is offering loans to Bournemouth businesses to help them expand and grow. Councils have been offering residential mortgages for a long time – Bournemouth Council was lending up … (To read the full article, subscribe below)