Bernie Morgan to leave Community Development Finance Association

Chief executive will step down after umbrella body's annual conference in June

Bernie Morgan
Bernie Morgan

Bernie Morgan, chief executive of the Community Development Finance Association, has announced that she will step down in June after eight years in the job.

Morgan will leave the association, which is the umbrella body for community development finance institutions, after its annual conference in Liverpool. She said she had not yet decided on her next role.

"I am very pleased that the CDFA is now in a strong position to continue to represent the interests of its members," she said. "I remain committed to promoting affordable lending in the UK and will continue to support the sector’s development through new opportunities."

The CDFA this month secured a £60m funding package to pass on to its members from the £1.4bn Regional Growth Fund, which is operated by the Department for Business, Innovation and Skills and is designed to support the creation of jobs in communities where the state is the main source of employment.

The CDFA has also successfully campaigned for an extension of community investment tax relief, which provides 25 per cent tax relief for private investors in CDFIs.

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