Social Finance is providing loans to local communities who are excluded from credit by the dramatic fall in bank lending. Groups and communities depending on social finance providers are experiencing no shortage of credit, according to a new report published by Clann Cedo — the Social Investment Fund.
The report, From the Ground Up – How Social Finance can help Communities Regenerate & Create Jobs, explores the role of the social economy in recovery, its potential to create jobs, the lessons we can learn from Scotland and the role of LEADER. It also recommends a number of initiatives to government to assist development of social enterprise and the social economy, including the development of Benefit Clauses (CBCs), Public Social Partnerships and Social Impact Bonds. Download the report from www.clanncredo.ie