Renewing Action in Community Finance

In recent years the least well off have been hit disproportionately by the cost-of-living crisis, stalled public and social investment, a housing crisis, wage depression and huge financial challenges in local and national government spending following lockdown during the Covid-19 Pandemic. The wave of disillusion with politics which has affected incumbents in elections in the UK, across Europe, the USA, Japan, and India suggests that there is now a strong need for community-based innovation, which will increase capacity and resilience in the financial sector.

With nearly 80 Credit Unions, Scotland already has much of the capacity needed to establish a new, collaborative model of financial services, rooted in ethical and faith concern, at pace. This roundtable aims to identify how principles of mutuality and the sharing of prosperity which are central to the Edinburgh Finance Declaration might best inform proposals which will be attractive to new stakeholders and release sufficient new investment to transforms the sector.

Host or Publisher Thinking the Future of Money in the Humanities