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Abbey launches 2007 affordable credit funding scheme

Abbey launches 2007 affordable credit funding scheme

Abbey is seeking applications for funding from affordable credit organisations, as part of its commitment to promoting financial inclusion. The bank has created a fund to support organisations and projects in this area, whether operated by charities, social housing organisations, credit unions or collaborations of organisations.

To qualify for funding, projects must be national or based in one of the following areas: Glasgow, Milton Keynes, Camden, Belfast, Teesside, Sheffield, Bradford or Liverpool. Abbey says that it is particularly keen to receive proposals for innovative projects.

In 2006, Abbey provided financial support to projects including a community development finance initiative in Glasgow where the funding is enabling them to purchase an exhibition trailer to provide affordable loans in remote areas. Abbey also funded the Association of British Credit Unions (ABCUL) to pilot a not-for-profit doorstep lending initiative and a housing association in Camden which is undertaking an awareness programme for adults and young adults on affordable borrowing and money management.

Interested organisations can obtain further details and a full list of submission criteria.

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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