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Meg Heath Key Issues for the CDFI Sector in the UK We need to - - PowerPoint PPT Presentation
Meg Heath Key Issues for the CDFI Sector in the UK We need to - - PowerPoint PPT Presentation
Meg Heath Key Issues for the CDFI Sector in the UK We need to change New challenges, we need to change the way we operate to survive and grow Be more flexible, more creative, more entrepreneurial Work more smartly as a sector and be able to
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Key Issues Funding/Income
Capital, grants, interest earned Reduction in size of the sector Danger of mission drift
Fragmented Sector
Internally – lack of cohesion Externally – low level of awareness of sector
Limited resources of individual CDFIs
Affects development of strategy, new income streams etc
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Key issues need to be addressed on a sector level and by individual CDFIs
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As a Sector
Share and co-operate Information, experience and skills Learn from others, in UK and across Europe Develop systems to improve efficiencies Find areas which are common to a number of CDFIs eg backroom activities; databases, loan management etc Develop a ‘useable’ form of social accounting Key to attracting funding from new sources Promote sector Branding - need to develop national, recognisable image
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Individually
Take a more commercial view of our organisations Identify which services can be self sustainable activities and those that requiring funding Imbed social accounting/assessment into our
- perations
Increase transparency to attract funding Consider regional or national mergers, sub- contracting/formal partnerships economies of scale for backroom activities best use of skills and resources but maintain our individual approach
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The biggest barrier?
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