Community Land & Finance CIC
Community Land & Finance (CLF) is a Community Interest Company (CIC) set up to assist community-led groups in developing and financing assets to achieve more sustainable and resilient communities.
CLF is a member of Responsible Finance (previously the Community Development Finance Association) website: www.responsiblefinance.org.uk and serves as a Responsible Finance Provider, currently operating two loan funds, which can provide finance for community-led, asset projects including:
Small scale renewables;
Workspaces and business hubs;
Community shops and farms.
If you are a community group seeking to raise finance for an asset project, for more information on these funds, qualifying criteria and the application process please click on the fund below:
Affordable Homes Rental Fund – fully deployed
Community Share Underwriting Fund – fully deployed
Community Land & Finance CIC holds the Social Enterprise Mark and is a Responsible Finance Provider.
As a Responsible Finance Provider, Community Land & Finance adheres to the Ten Standards of Compliance of the Responsible Finance Code of Practice:
- Clarity in respect of loan interest rates, repayment, default and cancellation arrangements
- Customer awareness that the responsible finance provider adheres to these ten standards within the Code of Practice, in a customer-facing document published on their website
- Legal compliance – the responsible finance provider will comply with all relevant laws, regulations and the requirements of its regulators, including the timely submission of accounts and returns
- Clear financial processes – the responsible finance provider will adhere to financial approval and decision making processes, operate a well-managed portfolio, and its Board will monitor the finances of the organisation
- Accountability by the Board – the Board will always act in the best interests of the responsible finance provider, representing its shareholders and/or members, and reporting back to them
- Management of Risk – the Board will establish or ratify policies and decisions on all matters that might create significant risk to the responsible finance provider, financial or otherwise, and maintain a risk register
- Internal controls – the responsible finance provider will maintain a set of procedures designed to protect against financial mismanagement and fraud
- Conflicts of Interest: A responsible finance provider will manage any conflicts of interest arising out of its governance or business activities
- Complaints: A responsible finance provider will deal honestly and efficiently with all complaints and if necessary will take part in conciliation or go to arbitration
- Social Performance: A responsible finance provider will take steps to measure and report on its