Press Release: FOLK2FOLK Launches “LocaI” ISA

Submitted by Mat Gazeley on

Local ISA launch - Folk2Folk

FOLK2FOLK, the national, award winning, Peer-to-Peer lending platform for local and rural business today announces the launch of its Innovative Finance ISA (IFISA), giving investors (referred to as Lenders) the opportunity to support British businesses within their local area whilst earning tax-free interest on their FOLK2FOLK loans.  

Jane Dumeresque, CEO FOLK2FOLK: “We’re delighted to give our Lenders the opportunity to earn tax-free interest from their FOLK2FOLK loans. It’s something our Lender community has asked for since we began our journey in 2013 and it’s something to be excited about.

The launch of our IFISA comes at a time when investors are starved for yield, with most interest rates set well below inflation. At FOLK2FOLK we’re able to offer consumers an alternative income opportunity; one that now provides welcome tax-free interest earned through the ISA wrapper. We believe our IFISA returns will not only offer a source of monthly income for investors, enabling them to support their lifestyles and achieve their financial goals but also encourage more people to support and lend to local UK businesses. We offer our Lenders great interest rates within a transparent structure, a great feeling of local participation and the opportunity to make a huge impact on the communities in which they live.”

Depending on the loans available for investment, FOLK2FOLK’s IFISA Lenders will earn either 5.5% p.a or 6.5% p.a  tax-free interest on capital whilst all the time supporting local and rural business in the UK. Interest is paid monthly and directly to Lender bank accounts. An annual administration fee of 1% plus VAT will be payable by Lenders to set up and manage their IFISA through FOLK2FOLK. Full details of the FOLK2FOLK IFISA are available on the FOLK2FOLK website

The FOLK2FOLK IFISA is currently only available to existing Lenders for the investment of new money. New Lenders will be able to access the FOLK2FOLK IFISA from the 1st August and can register their interest on FOLK2FOLK website now. The platform will also soon be accepting “transfers in” of existing ISA funds held with other providers. A date for this will be announced in due course.

With a minimum investment of £20,000, the FOLK2FOLK IFISA will require Lenders to use their full 2017/18 ISA allowance. All FOLK2FOLK business loans are secured against land/property.

“The businesses our lenders support -  those local, rural and entrepreneurial businesses - are the businesses that knit the very fabric of our society together. They drive past them every day; they eat in them, buy from them, stay in them and, in many ways, make them possible. They’re part of a growing national movement to help build and sustain financially and socially successful local communities, helping to create jobs, increasing opportunity and encouraging rural diversification and growth; something that’s essential to our pre-and post-Brexit success. It’s an amazing thing for them to be part of,” added Jane Dumeresque.

The majority of loan opportunities currently exist within the areas covered by our network of local branches. However, as FOLK2FOLK continues to grow and open new branches over the coming months the opportunities for Lenders to invest locally will only increase.



Formed in 2013, FOLK2FOLK exists to help create and sustain financially and socially successful local communities, empowering local businesses requiring debt finance by matching them directly with investors through its Peer-to-Peer lending platform. FOLK2FOLK enables lenders to participate in supporting local UK businesses to grow and thrive driving ­­positive impacts in local communities, creating job opportunities and contributing to the UK economy. 

FOLK2FOLK Lenders have funded loans in excess of £163m to UK business since 2013.

FOLK2FOLK, essentially a FinTech business in the Peer-to-Peer lending space, sees the use of technology not as an opportunity to dilute or remove human relationships, but to enhance them and bring them together. FOLK2FOLK puts a timeframe to FinTech. It remains one on the only companies of its kind to maintain and favour the existence of a local branch network. FOLK2FOLK should therefore not be described as a B2B or B2C business, but as H2H (Human2Human). FOLK2FOLK is FinTech with a face!

FOLK2FOLK now has a local presence in Cumbria, Cheshire, Dorset, East Anglia, Worcestershire, Herefordshire and Devon, with local offices in Gloucestershire, Yorkshire, Somerset and Cornwall. Further growth is planned in 2017 and information will be made available in due course.

FOLK2FOLK is an award-winning Peer-to-Peer lending platform, having been awarded “Altfi Best Lending Platform for Small Business 2015” and “Altfi Up and Coming Business Platform of the Year 2016”.

FOLK2FOLK became authorised and regulated by the FCA in 2016 and became a member of the P2PFA in 2017.

Minimum investment in a FOLK2FOLK loan is £20,000. There is no maximum limit for investment. All loans secured against UK property or land.

Peer-to-Peer lending is not a bank/deposit savings product and investors’ capital is at risk. Peer-to-Peer lending is not covered by the FSCS

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