In late 2025, Government released the National Financial Inclusion Strategy. In the strategy, Fair4All Finance were named as delivery partners for a bold credit union transformation programme, in order to build a stronger, more resilient and more inclusive credit union movement across England.

Working with Government, regulators and sector partners, and backed by £30m of dormant assets funding, we will launch a Credit Union Transformation Fund, to help credit unions scale sustainably, modernise technology, collaborate regionally, and better meet the needs of the millions of people currently excluded from affordable financial services.

Our purpose

Financial exclusion is increasing, and as an organisation we are committed to improving outcomes for the estimated 20.3 million people living in financially vulnerable circumstances.

We view credit unions as one of the most strategically important mechanisms through which England’s national financial resilience can be improved. And we are aligned with the sector’s Credit Union Growth Plan to double the number of people using credit unions by 2035.  

Government has prioritised action. Launching the Credit Union Transformation Fund creates a time limited opportunity to drive systemic and sustainable growth in the sector.

You can read more about our vision and thinking behind the Credit Union Transformation Fund here.

We are now seeking views through this consultation on how best we can work with interested stakeholders as we design and deliver the Credit Union Transformation Fund. Every response counts and we appreciate your support.

Here’s how you can respond to the consultation

You can find the consultation below.