Community Enterprise support for London
23/07/07 20:34
A £3.6m Wholesale Loan Fund is being
set up to provide capital to community development finance
institutions (CDFI’s) to enable them to offer more loans to
social businesses in London. Uniquely, the fund will underwrite
part of any loss a CDFI makes where a business fails to take-off as
expected. The fund has been set up by Greater London Enterprise,
the Cooperative Bank, London Development Agency and Kingston Smith
(an accountancy firm). More details here.