Community development finance : a neo market solution to social exclusion?

Mellor, Mary and Affleck, Arthur (2006) Community development finance : a neo market solution to social exclusion? Journal of Social Policy, 35 (2). pp. 303-319. ISSN 0047-2794

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Community Development Finance. A Neo-Market Solution to Social Exclusion.pdf

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Official URL: http://dx.doi.org/10.1017/S0047279405009542

Abstract

Financial exclusion is increasingly being recognised as an important aspect of socio-economic inequality where disadvantaged individuals and communities are isolated from mainstream financial services, particularly affordable and readily available credit. In the face of these problems, social policy initiatives have emerged that have travelled under various names: social investment, micro-finance, community finance and community development finance. These initiatives are seen as the basis of a ‘new economics’ that will create self-sustaining local economies. The government is also promoting community development finance as an aspect of community regeneration with the aim of providing credit to poor communities to stimulate local enterprise and thereby reduce dependency on state support. The same approach is being taken to grant-funded community and voluntary organisations to encourage them into a neo-market approach to the delivery of services. This article explores the phenomenon of community development finance and assesses its proposed role in community regeneration and in relation to the community and voluntary sector.

Item Type: Article
Subjects: K400 Planning (Urban, Rural and Regional)
L100 Economics
Department: Faculties > Arts, Design and Social Sciences > School of Arts and Social Sciences > Social Sciences & Languages
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Depositing User: EPrint Services
Date Deposited: 23 May 2008 13:16
Last Modified: 08 May 2017 17:30
URI: http://nrl.northumbria.ac.uk/id/eprint/1348

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