Community Development Finance Institutions (CDFIs): Geographies of financial inclusion in the US and UK

    Research output: Contribution to journalArticlepeer-review

    33 Citations (Scopus)


    The financial exclusion of enterprise is a concept that has been largely neglected by economic geographers. This is surprising given the attention dedicated to personal financial exclusion and alternative sources of finance. This paper compares financial inclusion policies in deprived areas of the United States (US) and United Kingdom (UK) through the example of Community Development Finance Institutions (CDFIs). CDFIs help overcome financial exclusion by providing local sources of loan finance to micro, small-and-medium-sized enterprises and social enterprises. Drawing upon interviews with key actors within the CDFI sector in the US and UK respectively, the paper aims to compare the CDFI landscape across the US and UK through the provision of finance for enterprise. This is in order to understand the geographies of finance that are being created by such alternative financial institutions thereby contributing to financial inclusion debates. The research concludes that although CDFIs do provide an important source of finance to excluded enterprises, policy initiatives have created uneven geographical coverage and market gaps leaving marked spaces of financial exclusion.
    Original languageEnglish
    Pages (from-to)250-258
    Number of pages9
    Issue number2
    Publication statusPublished - 26 Jan 2011


    • financial exclusion
    • finance gap
    • geographies of finance
    • community development


    Dive into the research topics of 'Community Development Finance Institutions (CDFIs): Geographies of financial inclusion in the US and UK'. Together they form a unique fingerprint.

    Cite this