Parity Trust began trading in 2000 and was the first Community Development Finance Institution (CDFI) of its kind to be set up in the United Kingdom.

During 1998 the former Managing Director of Portsmouth Housing Association (now First Wessex), recognised that their tennants were in entrance, Commercial Roadneed of an ethical form of finance as many were financially excluded. In May 2000 with funding in place, Portsmouth Area Regeneration Trust, known as PART for short, began by offering small personal loans to those in the local community who may not have been able to obtain finance from the High Street. These loans were used for household goods, car repairs etc. During 2003, the organisation explanded to offer start-up loans for businesses.

In 2006, to complement the delivery of our unsecured personal and business loan products, we launched the Home Trust Loan, which would assist in financing essential repairs and adaptations to properties. Parity Trust now work with a number of local authorities to deliver this product. For more information, please see our Home Trust Loan website.

During 2010, Parity Trust commissioned Leigh Rampton to outline the key social and economic impacts achieved by Parity Trust during its first ten years. If you would like to review the report, you can view 'An Emerging Success' here as a pdf. Alternatively, you can download the summary here.

During 2011, following a strategic review we decided our focus would be on mortgage lending and new projects that support community asset development and regeneration. In light of this, we adopted the trading name Parity Trust.

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 Parity Trust is the trading name of Portsmouth Area Regeneration Trust group. The group comprises of: Portsmouth Area Regeneration Trust (IPS) Ltd. Registered as an Industrial & Provident Society. Register Number 29069R. Portsmouth Area Regeneration Trust a company Limited by guarantee, number 3794640. Registered charity, number 1079454. Portsmouth Area Regeneration Trust (Guarantee) Limited. Registered Company Number 3977373.

PART (Guarantee) Ltd is authorised & regulated by the Financial Conduct Authority for its mortgage related activities. Register No 504445.