11 July 2022 – Place-Based Impact Investing Forum online training with the Impact Investing Institute

Community Development Financial Institution (CDFI) enterprise lending as place-based impact investment.

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CDFIs are well established in the US but less well known in the UK. They were set up to promote financial inclusion and economic development among poorer communities. As the UK embraces the Just Transition and Levelling Up agendas, CDFIs have the ability to play an important role attracting both public and private finance.

In this training session, the Impact Investing Institute and their expert guest speakers covered:

  • An introduction to CDFIs.
  • Reflections on the CDFI market in the US and UK.
  • CDFIs as an investment opportunity.

Questions and comments were moderated by Charlotte O’Leary of Pensions for Purpose.


To learn more about the positive impact CDFIs have in communities across the UK and their potential as an investment opportunity.

Learning outcomes

Knowledge of the work and impact of CDFIs, an understanding of their role in building local economic resilience and appreciation of the emerging investment opportunities presented by the sector.

Who was this event for?

This event was open to asset owners such as pension fund trustees and executives, investment consultants, and independent trustees or advisers.

Speaker biographies

James Broderick, Deputy Chair, Impact Investing Institute

James BroderickPrior to working with the Institute and its predecessor Impact Investing Taskforce, Jamie was head of UBS Wealth Management in the UK. Jamie joined UBS after nineteen years at J.P. Morgan Asset Management, latterly as Chief Executive of its European operations.


Theodora Hadjmichael, CEO, Responsible Finance

Theodora HadjmichaelResponsible Finance is the UK’s national membership body for responsible finance providers, including CDFIs. They work to enable investment to flow into communities to create positive economic, social and environmental impact, by scaling the community developing finance sector.

Theodora has been Chief Executive at Responsible Finance since September 2019. She has a background in economic development consulting and community finance. 

Alastair Davis, CEO, Social Investment Scotland

Alastair DavisAlastair joined SIS in 2009 initially to run the investment team and became Chief Executive in 2011. Before joining SIS, he worked within the Bank of Scotland's community banking division, where he developed his extensive knowledge of social investment. Alastair has completed the prestigious ‘Strategic Perspectives in Non-Profit Management' programme at Harvard Business School, and in 2017 was awarded a fellowship from the Chartered Banker Institute. Alastair is one of the founding directors of SIS Ventures, SIS’s wholly owned subsidiary providing investment to mission-led enterprises.

Most recently, Alastair was named SCVO Director of the Year – Third Sector by The Institute of Directors (IoD) Scotland at its 2021 Awards.

The Place-Based Impact Investing Forum

The Place-Based Impact Investing Forum was established by Pensions for Purpose and The Good Economy and is run in partnership with The Impact Investing Institute to help pension funds and other asset owners make informed decisions about place-based investments. We do this by sharing place-based-related thought leadership written by our Influencer members (asset managers, consultants and lawyers), by running training workshops for trustees and by engaging in industry-wide conversation through our quarterly all-stakeholder and asset-owner events. To join the Forum please email Charlotte O’Leary.  

Pensions for Purpose

Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks. For membership information, please email Charlotte O’Leary.

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