As a council we are in a unique position to break the banking mould and can deploy a mix of resources, experience and relationships built up over time in bringing this forward successfully.
Finance Archives - Page 29 of 43 - NewStart
I believe he is right, and I am beginning to sense a new mood here too. At the moment it is just a public distaste for greed (the treatment of Gary Barlow, for example), and a growing understanding that the banking system is no longer designed for most of us - but this is yet to translate itself into a clear political direction.
Green growth is a myth. Because it ignores the social, political and personal dimensions of sustainability, it can never cut deep enough into the structures of self and society to secure solutions to the crises that we face, says Andre Reichel.
A new report offers many practical examples of how clauses inserted into any public procurement contract can require the contractor to provide targeted training and job opportunities, which can be focused on poor people and poor places. And these mechanisms comply with UK and European procurement rules.
With the scrapping of the social fund and the confusion around budgeting advances under universal credit more people risk having to visit high cost credit lenders just to get by. But No Interest Loan Schemes offer an alternative to that. With a look at how they work in Australia, more local authorities in the UK could build support for this lifeline.
There needs to be a clear statement - and this is one we are keen to make from a local authority perspective - that further funding is needed to support Wales in developing an outstanding range of social enterprises delivering services by and for the community.
Despite several government-funded initiatives in recent years, the scale of credit unions and community development finance institutions (CDFIs) remains woefully inadequate to provide any real brake on the inexorable growth of the legal loan sharks.
For all the talk of reform, little has changed in our banking system. So, rather than relying on big finance to get us out of this mess, why don’t we give small, local, community finance a go?
Finance is at the heart of local change. The most resilient local economies are those in which money flows around a community, through progressive procurement and support for local services and businesses. Here’s ten of the best ideas from around the world for helping keep finance local.
As a new pilot attempts to join up the dots of community finance, Clare Goff asks whether the time is ripe for an alternative finance revolution