ERDF Project: November 2008 – July 2012
The project was partially funded by ERDF (£229,486 or 40%); the remaining £358,474 was funded by DSL Business Finance.This project's objectives were to expand DSL lending to businesses that could not access bank funding; extend DSL’s lending across the Lowland Urban Programme area; facilitate business start-up and growth and increase sustainability through aftercare and support. We exceeded our objectives by:
This study looked at clients of DSL and other CDFIs across the Uk over a five year period. It showed that a business loan investment had a greater long-term impact on a person's income than a personal loan. 'Roughly speaking for every loan DSL issued 3 people exited poverty'
"The successful business-lending CDFIs, such as DSL and to some extent Derby Loans, increase their clients’ incomes by a large average margin (although most of the gain is concentrated among a few ‘star clients’) and also generate multiplier effects through diffusion of technology and through employment generated amongst their clients."
DSL Business Finance offers loans to businesses in Glasgow, businesses in Edinburgh, businesses in South Lanarkshire, businesses in North Lanarkshire, businesses in South Ayrshire, businesses in East Ayrshire, businesses in North Ayrshire, businesses in East Renfrewshire, businesses in Renfrewshire, businesses in Stirling, businesses in Fife, businesses in Inverclyde, businesses in Dumfries and Galloway, businesses in West Lothian, businesses in East Lothian, businesses in Midlothian, and businesses in towns and areas including Livingston and Falkirk.
We now lend anywhere in Scotland including Aberdeen, Western Isles, Inverness and Dundee
DSL - Business lending in Scotland