Lendology has been shortlisted for the UK Social Enterprise Awards, which recognise businesses that are transforming communities and tackling climate change.
Lendology is a finalist in the Social Enterprise Team of the Year Category. As a Social Enterprise, our success is not measured through profit, but through outcomes for people. Our unique lending scheme, funded by local councils, enables us to support people who often have no-where else to turn. Our holistic and sensible approach to lending means we find funding solutions for a range of homeowners, from individual owner occupiers through to portfolio landlords or empty property owners.
Social enterprises are businesses that trade for a social or environmental purpose. There are an estimated 100,000 social enterprises in the UK contributing around £60bn annually to the UK economy and are set up to tackle some of the biggest challenges facing society.
The UK Social Enterprise Awards are awarded by Social Enterprise UK, the UK’s leading membership body for social enterprises and recognise excellence and innovation in UK social enterprises. Lendology will be joining other shortlisted organisations and guests at a prestigious awards ceremony held at London’s iconic Roundhouse on Thursday 8 December.
Previous winners have included a legal firm representing vulnerable people, a crowdfunding platform helping homeless people into work, and a network of zero waste supermarkets – demonstrating the diversity of the social enterprise in the UK.
Emma Lower, CEO at Lendology said: “2020/21 year has been a truly remarkable year for us in more ways than one, and for me the standout data is that for every £1 invested in Lendology £2.58 is gained in social impact. We truly believe that through our holistic assessment approach and knowledge and experience across the sector, we provide a bespoke service that shows not all lenders are the same. Our team have worked extremely hard across the pandemic and beyond to ensure all homeowners have access to the same great service.”
Commenting on the Awards, Chief Executive of Social Enterprise UK Peter Holbrook said:
“The UK Social Enterprise Awards are the ultimate showcase of the impact and excellence of social enterprises. These are trailblazers and standard setters for how to do business better, in ways that put people and planet first. They empower and uplift communities. They show us all how we can do business in a way that helps the environment. And they do all this while facing the same challenges as other businesses.
“In these turbulent times, they are a beacon of innovation, optimism and resilience. Those who have made the shortlist of these awards have proven their business’ ability to weather the storm of the pandemic, keeping their business and their mission on track.
“The challenges we face as a society demand new approaches and a shift in the way that businesses big and small act. The entries for this year’s award continue to inspire, innovate and show us all how businesses can help us meet many of these challenges head on.”
Lendology CIC is a social enterprise lender working in partnership with local councils to improve the private sector housing stock.
They provide accessible finance for homeowners to enable home repairs, adaptations, and renewable energy measures. Unlike other mainstream lenders, Lendology doesn’t use algorithms or credit scores, people make lending decisions for people. They believe that everyone should have access to a home that is safe, warm and suitable for their individual needs and work across the community to enable this, reduce fuel poverty and establish the link between health and homes.
About social enterprises
Social enterprises are businesses which trade for a social purpose that reinvest or donate over half their profits to further their social or environmental mission. They are an increasingly important part of the UK economy contributing £60 billion and employing around two million people. There are an estimated 100,000 social enterprises in the UK. Research carried out by Social Enterprise UK, the membership body for the sector, shows they are outperforming traditional businesses when it comes to start-up rates, turnover growth and innovation. They are also ahead of the pack when it comes to workforce diversity and pay. For more information and statistics see Social Enterprise UK’s State of Social enterprise Report 2019 and the ‘Hidden Revolution’ report which showed the true scale and impact of the sector.
About Social Enterprise UK
Social Enterprise UK is the largest network of certified social enterprises in the UK and a global authority on social enterprise. SEUK exists to be a strong voice for social enterprise, to evidence the difference that social enterprises are making and to demonstrate solutions and influence decision-makers to create an environment in which social enterprise can thrive. We work with mainstream businesses and public sector institutions to help them bring social enterprises into their supply chains. SEUK members reflect the diversity of social enterprise in the UK, ranging from local grass-roots organisations to multi-million-pound businesses.
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