Annual Report and Accounts – 2022

We’re pleased to publish our Annual Report and Accounts for the year ending 31 December 2022.

Highlights include

  • Increased provision of affordable credit
    The five investees on our Affordable Credit Scale Up Programme lent £47m in 2022 across 123,000 loans – double the amount they lent in 2020
  • Expanded our No Interest Loans Scheme
    We moved from proof of concept to full pilot, with 40% of borrowers going on to take out a subsequent commercial loan and 77% starting saving
  • Raised awareness of the community finance sector
    Our awareness raising campaign reached 250,000 potential customers
  • Launched a Consolidation Loans pilot
    The pilot will enable over £50m of lending, saving customers £21.5m in interest payments
  • Researched financial vulnerability
    We conducted research to support product and service development, including in depth lived experience work generating new insight from customers

Attention: We have been informed of fraudulent activity where people are offering unsecured loans using our name.

Please be careful as we do not provide loans or contact customers for this purpose. If you've been approached, please report to Action Fraud immediately via their website or on 0300 123 2040.