Social Enterprise Lender

Description

The City of Wolverhampton Council (CWC) is seeking input from potential suppliers to explore the establishment of a partnership, preferably with a not-for-profit Social Enterprise Lender that prioritises social impact over profit. The aim is to deliver accessible loan schemes for vulnerable residents and private sector landlords who are typically excluded from mainstream credit options. With over 25% of adults lacking emergency savings and many experiencing financial vulnerability, CWC recognises the urgent need for inclusive financial solutions. This initiative seeks to support individuals, such as retirees, those on benefits, or with poor credit histories who are often unable to improve or adapt their homes due to lack of affordable financing. The PME will provide an opportunity for CWC to obtain an insight into how potential suppliers might approach the delivery of this service and gain an understanding into the likely level of interest from the market.