Place-based investment offers lifeline to left-behind towns

that it would be providing £900,000 of funding to the CDFI sector to help customers with small loans and grants during the cost of living crisis.In Watchet, near my home on Exmoor in the south-west of England, a social enterprise called theconsulted with the local community after plans for a commercial property development fell through. As a result of the consultation, the Collective opened a visitor centre and restored boat museum in 2016, and, then, in 2021, a £7.

Social impact: Sleaford’s green energy plant has provided 30 direct local jobs, plus 50 in the fuel supply chain The plant uses locally sourced straw — most from within a 30-mile radius — and sustainable woodchip to generate renewable power and heat. It has the capacity to generate electricity for 65,000 homes, saving 50,000 tonnes of CO₂ a year, and provides 30 direct local jobs and a further 50 in the fuel supply chain.

The full potential of the CDFI sector needs to be realised: in the UK, there are about 50 CDFIs, whereas, in the US, they number closer to 1,400. And public funding needs to be more flexible — for example, to provide “catalytic” capital to de-risk investments and help to crowd in private capital at greater scale.

Source: News Formal (newsformal.com)

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best place in a room to have your thermostat revealed - and it'll cut your billsHEATING experts have revealed the best place to keep your thermostat in your room at home. With energy bills skyrocketing, households should be aware that their thermostat could be adding hundreds … I'd start by having it on the wall
Source: TheSun - 🏆 64. / 61 Read more »

Your Wi-Fi hub is in the wrong place - Sky reveal four mistakes you're makingIF you’ve noticed your broadband connection isn’t quite up to scratch, you might be making a few simple mistakes. Fortunately, they’re easy to correct. Sometimes it comes down to …
Source: TheSun - 🏆 64. / 61 Read more »

Mickey Marley's roundabout will always have a place in Belfast's heartBelfast will fondly remember Mickey Marley and his roundabout that brought hours of endless fun Some might not chappo . Just don't read too much in to the lyrics of the song lol If ya hadn't got a penny and yer ma's went out...you hadn't a snowballs chance in hell of getting on that fckn deathtrap. It was the poor horse I felt sorry for 🙄
Source: BelfastLive - 🏆 16. / 77 Read more »

No one surprised in place voted the 'best to live in NottsWe asked readers to give their judgement on where in Nottingham and Nottinghamshire is the best place to live,
Source: nottslive - 🏆 96. / 52 Read more »

The city centre block where residents fear burglars will 'break into flats'Jefferson Place was targeted by burglars on Sunday
Source: MENnewsdesk - 🏆 23. / 69 Read more »