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Alternative finance market passes £3bn in UK

18th February 2016 Church News.

The UK’s online alternative finance sector grew 84 per cent in 2015, facilitating £3.2 billion in investments, loans and donations. That’s according to a joint report published today by the Cambridge Judge Business School (CJBS) and UK innovation foundation Nesta. But it found that while there was a significant increase in market volume, the rate of growth in the sector was actually slowing down – with acceleration in 2014/15 nearly half the 161 per cent rise recorded in 2013/14.