The report says that this amount could have grown by up to £400m since that point because of worsening funding conditions and increased demand from entrants to the market.
But it says the total size of current lending to third sector organisations by CDFIs is £145m, and outside this there is only a small amount of other lending by social investment finance intermediaries.
The report says there is an annual demand of up to £6.75bn for the type of community finance provided by CDFIs, which covers not just social enterprise but also businesses and individuals, mostly in deprived communities, that are unable to access mainstream credit.
However, the total annual funding delivered by the community finance sector is only £700m.
The report says this demand could not be met by mainstream bank lending, but only by “a partnership between public, private and social investors” who “share common economic and social objectives”:
Meeting potential existing demand implies developing better-capitalised, more productive, more scaleable providers and stimulating growth of innovative, lower-cost models.
Introduction The National Statement of Expectations for Supported Housing (NSE) was finally published on 20 October 2020, five years after the 2015 Comprehensive Spending Review suggested regulatory and oversight changes were needed, although in 2018 the government >>>
What are the Future Funding Arrangements for Supported and Sheltered Housing?
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