The road to resilience: how community financial services can help level-up Britain
The latest report from The RSA (Royal Society for the encouragement of Arts, Manufactures and Commerce), Road to Resilience: how community financial services can help level-up Britain, outlines twelve recommendations to support community banking and build a more inclusive economy, including:
The Bank of England to fund the creation of Local Investment and Finance Trusts (LIFTs), whose function is to investigate, support and capitalise the community stakeholder banking layer.
Central government to support the development of the community banking sector by providing match funding to councils, and making sure community banks are eligible for tax reliefs and state capital investments.
Download here: Report-rsa-road-to-resilience-community-banking