Jamie Veitch Consulting on behalf of Responsible Finance
61,163 customers borrowed £235 million (GBP) from the UK’s responsible finance providers in 2016-17, according to research published today.
The figures, published by “Responsible Finance” in a new report “Responsible Finance: The industry in 2017” also reveal that:
• £67 million of business lending from responsible finance providers to over 5,000 businesses resulted in 4,270 new businesses created in 2016-17, and 8,053 jobs created or saved in SMEs and micro enterprises – the “backbone of the UK economy”;
• 304 social enterprises were created or safeguarded in 2016-2017 thanks to £142 million of responsible finance loans, creating or saving 4,661 jobs in social enterprises;
• Access to £22 million of affordable credit from responsible...