SI2003/96 Regulation 8

Accreditation as a Community Development Finance Institution (CDFI) is conditional. The accredited body must invest most of the funds raised under the CITR scheme in ‘relevant investments’ in ‘qualifying enterprises’. Failure to achieve the required levels of onward investment may result in the withdrawal of accreditation (CITM2110).

The proportion of funds that must be invested in relevant investments in qualifying enterprises increases over the years that follow the date on which the CDFI was first granted accreditation.

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