Finance for businesses

The NLEC works very closely with North London Community Finance. This comprises three separate but connected companies:

  • North London Credit Union, a savings and loans organisation founded in 1994, owned and managed by its members and regulated by the Financial Services Authority.
  • North London Enterprise Fund, a company limited by guarantee and established in 2008. It makes loans to businesses in London, using funds provided by London Development Agency.
  • North London Community Finance itself, a not-for-profit organisation designed to assist in promoting and providing training in financial literacy.
All three companies provide services mainly to the people and businesses of North London. They operate on a not-for-profit basis, and are governed by a Board of Directors comprising representatives of the local community.
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