{"id":50,"date":"2013-07-18T04:55:42","date_gmt":"2013-07-18T04:55:42","guid":{"rendered":"http:\/\/www.miningtheseem.org.uk\/?p=50"},"modified":"2013-07-18T04:55:42","modified_gmt":"2013-07-18T04:55:42","slug":"mind-the-gap-financially-speaking","status":"publish","type":"post","link":"http:\/\/www.miningtheseem.org.uk\/?p=50","title":{"rendered":"Mind the Gap – financially speaking"},"content":{"rendered":"
\"Falling<\/a>
Falling between the finance cracks – a social solution<\/figcaption><\/figure>\n

Dr. Nick Henry and Philip Craig are the authors of this report which examines the evidence around the need for community finance initiatives – Mind the Finance Gap.<\/strong><\/p>\n

Mind-the-Finance-Gap-summary-report<\/a>\u00a0available here\/pdf format<\/p>\n

Funded by The Royal Bank of Scotland<\/a> and in association with the CDFA<\/a> the report examines finance demand from social and business sectors which fall outside the consideration of mainstream banking \u00a0services.<\/p>\n

These groups may be businesses and entrepreneurs, they may be civil society organisations with a wide social remit, including social enterprises or charities. They can also include individuals with unsteady regular income or homeowners with a need for financial support for renovations, for example.<\/p>\n

In 2011, the big banks made \u00a375 billion of loans to small and medium enterprises. Between September 2011 and August 2012\u00a0banks and building societies combined provided \u00a37 billion of overdrafts and loans and \u00a3137 billion of credit card lending to\u00a0individuals . For those businesses, organisations, individuals and homeowners that cannot access mainstream \ufb01nance such as\u00a0<\/span>that described above, \u00a0<\/em><\/p>\n

This report estimates current potential annual demand for community \ufb01nance in the UK (excluding the Green Deal) is at some\u00a0<\/span>\u00a35.45 \u2013 6.75 billion. In contrast, in 2012, community \ufb01nance organisations delivered an estimated \u00a30.7 billion of community\u00a0\ufb01nance to UK businesses, civil society organisations, individuals and homeowners. Community \ufb01nance investments generate a\u00a0wide range of economic and social bene\ufb01ts (especially within the most disadvantaged and excluded communities of the UK) \u2013\u00a0and which meet a wide range of Government policy objectives.<\/em><\/p>\n

Community \ufb01nance organisations, if capitalised to do so, have the potential to generate sustainable economic development\u00a0and social well being at the heart of UK communities. Currently, the majority of potential economic and social bene\ufb01ts are\u00a0being lost to UK economy and society.<\/em><\/p>\n

You can access a full copy of the report in pdf format here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dr. Nick Henry and Philip Craig are the authors of this report which examines the evidence around the need for community finance initiatives – Mind the Finance Gap. Mind-the-Finance-Gap-summary-report\u00a0available here\/pdf format Funded by The Royal Bank of Scotland and in association with the CDFA the report examines finance demand from social and business sectors which … Continue reading Mind the Gap – financially speaking<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,11],"tags":[13,17,7,16,216,4],"class_list":["post-50","post","type-post","status-publish","format-standard","hentry","category-social-business-news","category-social-finance","tag-cdfa","tag-community","tag-news","tag-rbs","tag-seem","tag-social-business"],"_links":{"self":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50"}],"version-history":[{"count":0,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/50\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}