Founded in February 2019, Fair4All Finance was established in response to the government’s commitment to allocate dormant assets money to financial inclusion initiatives.
Fair4All has been allocated £55million from dormant accounts, with a mission to deploy the dormant assets money to ensure that affordable credit, and other financial products and services, serve the needs of vulnerable people at scale. The organisation’s ambition is to increase access to fair, affordable and appropriate financial products and services.
Fair4All are currently working on their first strategy. Their first focus area is improving access to affordable credit. They will look to build capacity in the affordable credit sector with a combination of financial support, capability development and ecosystem development programmes.
Fair4All Finance is a company limited by guarantee and has its own Board of Directors. BST is its sole corporate member.