Accreditation as a Community Development Finance Institution (CDFI) is conditional on the accredited body investing specified proportions of its ‘investment fund’ within defined time limits (see CITM3005).
Broadly speaking, the amount of the investment fund at any given date (the ‘relevant date’) is
•the amount that the CDFI has raised through the CITR scheme (‘qualifying investments’)
•adjustments that take account of certain amounts that are no longer available to invest.
The amount of the investment fund at a given date is defined by the formula