It is a condition of accreditation that the CDFI must adhere to a set time scale for using the funds it raises by making ‘relevant investments’ (see ¶325-675) in ‘qualifying enterprises’ (see ¶325-650) as follows:

25 per cent or more of the investment fund by the first anniversary of its accreditation;

50 per cent or more by the second anniversary;

75 per cent or more by the third anniversary;

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