What is peer-to-peer lending, and how can councils get involved?
Since 2012, we've been helping small businesses grow and thrive through the arrangement of 36H loans.
We connect entrepreneurs with individual lenders via a secure online platform. With FCA authorisation, clear transactions and a trust which holds collateral on behalf of lenders, local councils across the UK trust rebuildingsociety.com to facilitate P2P funding for small businesses within their districts.
Supplementing council funding with co-investment from retail investors helps councils leverage limited resources.
Fund local enterprise
Earn interest
Public co-funding
Benefits of peer-to-peer lending
P2P lending provides essential support to local businesses
- Targeted support for key industries
- Support for young entrepreneurs and innovators
- Flexible loans incentivise more than grants
- Accessible finance for local businesses
- Potential for local reinvestment of interest earnings
- Community co-investment boosts the local economy
Chosen partner of Basildon Borough Council
"The economic recovery following COVID-19 requires local authorities to support their local businesses as best they can. One of the ways we can do this is by making funding available to our local businesses over the short and medium term, and we are excited to be working with rebuildingsociety.com to deliver this. By becoming a rebuildingsociety.com investor we can support local business growth as well as continue to help the council to become financially sustainable."
Councillor Stuart Sullivan, Chairman of Basildon Borough Council’s Resources and Commercial Committee
Next steps
Leeds City Council has achieved a net return of 6.94% pa. Partner with us to enable local enterprise in your district.
Given its wealth of expertise in originating, credit scoring and managing loans to SMEs, rebuildingsociety.com is well placed to deploy institutional funding. The company’s existing systems, procedures and policies allow it to act as an effective originator and credit scorer as proven by its track record to date in the P2P space.
