Chamber Acorn Fund is part of a national network of lenders that is working to increase access to fair and affordable finance for those excluded by mainstream lenders, thus enabling them to have a greater contribution to the economy. Formerly CDFI’s, our sector now carries a new brand as the responsible finance industry.
In the last 12 months our sector has lent £250m to those unable to access traditional sources of funding.
Although fully recognized by government we have struggled to get any meaningful support from them to expand our reach so having generated £0.6b in new economic benefit last year. We have asked the Treasury to include a catalytic £12m fund that would allow us to leverage in further funds to allow us to sustain the long term growth of the sector.