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