Co-operative and Community Finance

Industrial Common Ownership Finance Ltd (ICOF) trading as Co-operative and Community Finance was set up in 1973 and we have since created a number of related funds, all of which are democratically owned and controlled by the members. We provide sympathetic loan finance to help people take control of their economic lives and create social benefit. We exclusively serve the co-operative and social enterprise sector, and for over 45 years we have supported hundreds of businesses ranging from small community‑run enterprises to large award‑winning organisations. Through the provision of accessible finance we have helped to create and preserve thousands of jobs within the social economy and supported the set up of many new and innovative co-operatives, employee buyouts, and community enterprises. Our rates are competitive and unlike many high street lenders we don't require personal guarantees. We currently have over £4m of our own capital to lend, available to those that practise or support the principles of co‑operation, social ownership, and sustainable development. We also manage a number of other loan funds on behalf of other lenders.