Finance News: Guide published to list funding bodies for social projects

A guide has been published listing organisations that offer funding for social enterprises and charities in deprived areas.

The guide lists members of the Community Development Finance Association that exist to provide loan finance to social enterprises, charities or small businesses working in poor areas.

Larger charities can also invest in these institutions under 'programme-related' or social investment. This is investment that helps to fulfil the aims of the charity and is not subject to the same rules on maximising return as conventional investment.

Bernie Morgan, chief executive of the Community Development Finance Association, said: "As the only comprehensive list, the guide is a vital tool for anyone working with people in search of fair and accessible finance. This could be people offering business support, the banking industry, regeneration workers, community groups, economic development workers, housing associations, local authorities or Regional Development Agencies."

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