Karl Dayson

Professor Karl Dayson

Associate Dean (Research and Innovation)

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Professor Karl Dayson is Associate Dean (Research and innovation) and Director of Salford Institute of Public Policy. He was elected a Royal Society of Arts Fellow in 2009. He is also the co-founder of Community Finance Solutions (CFS), a research and development unit within the University of Salford. CFS specialises in researching and developing alternative financial providers and services based on the needs of citizens. Under Karl’s leadership CFS won the Times Higher Award for Outstanding Contribution to the Local Community in 2005 and they have been involved in the creation of 13 microfinance institutions across England. In 2008, with Pål Vik, he won the European Microfinance Network’s ‘Research Paper of the Year’ for their work on sustainability of microfinance institutions. This led to work for the European Commission on the future of microcredit across the continent and the production of the ‘European Code of Conduct for Microcredit Providers in Europe’ in 2011. He is now working for the European Commission on developing the methodology for the implementation of the code. He’s current research includes the future of community finance, using technology to deliver personalised financial services and using Big Data to develop public policy databases. Alongside this Karl has work on the development of Community Land Trusts in England and Wales.

In 2014/15 Karl will be teaching on ‘Utopias and Dystopias’ and ‘Poverty and Development in the International Political Economy’

Karl is a member of the University’s Research Committee and is the Chair of Monyline’s Social Impact Board (Moneyline are the largest social enterprise in the country delivering personal financial services in low-income communities)


Karl teaches on the following modules:

H.G. Wells, William Morris, Charles Fourier and Robert Owen in Utopias and Dystopias (L5)

Poverty and Development in the International Political Economy (L6)PhD Supervision

PhD Supervision

Karl has a track record of successful PhD supervision and welcome’s applicants wishing to study in the following areas:

Microfinance and economic development

Financial inclusion

Alternative finance providers (everything from crowdfunding to community finance)

Culture and consumption of money, banking and financial services

Cultural, social and economic urban renewal and regeneration

Digital financial services

Use of Big Data in humanities and the social sciences

Study of social capital and networks

Utopias and Dystopias

Research Interests

Karl’s research interests focuses on economic sociology, and the intersection between the cultural representation of financial services and attempts to create community driven financial service providers. His PhD explored the demutualization of the British building societies and the emergence of a new mutualism. This led to research on issues related to microfinance, financial inclusion, community ownership of assets and affordable housing. Subsequently Karl concentrated on European dimensions of microcredit and inclusion, while at the same time working with UK cities and housing associations to develop local responses to the financial crisis. More recently, Karl is currently working on the role of technology in delivering new and alternative financial services, including digital financial services and the use of Big Data.

Qualifications and Memberships

University of Salford, Greater Manchester:

  • PhD Sociology (2002)
  • B.Sc. (HONS.) Politics and Sociology 2i (1996)
  • PgCert. in Higher Education Practice and Research (distinction) (2005)

Present roles:

Professor of Sociology, University of Salford (2011)

  • Director of Salford Institute of Public Policy (February 2013)
  • Associate Dean (Research and Innovation) School of Arts and Media  and Engagement) (Acting in role from June 2014)
  • Executive Director of Community Finance Solutions (2006)
  • Chair of Moneyline Social Impact Group (2014 – voluntary role)

Member of British Sociological Association and Social Policy Association

Member of Centre Social Business http://www.salford.ac.uk/business-school/research/centre-for-social-business

  • Winner of Times Higher Award for Outstanding Contribution to the Community (2005/6)
  • Elected Fellow of Royal Society for the Promotion of Arts, Science and Manufacturing (FRSA) in July 2009
  • Winner of North West Innovative Enterprise of the Year (2003) 



K. Dayson & J. Kickul (eds) (2010) Handbook of Microcredit in Europe. Edward Elgar


Chapters in books & journal articles

Dayson, K (2014 forthcoming) 'Introduction', in: Ashta, A (ed.), Management Information Systems for Microfinance: Catalyzing Social Innovation for Competitive Advantage, Cambridge Scholars Publishing , Newcastle-Upon-Tyne, UK, pp.1-4.

Dayson, K & Vik, P (2014), 'Towards an architecture of microcredit regulation - the case of the European Code of Good Conduct' Cost Management 28(2) pp18-25

Ashta A.; Dayson, K.; Gera, R.; Hettihewa, S.; Krishna, N.V. & Wright, C. (2013) Microcredit as Social Innovation. ‘The Social Innovation Handbook’. Hamdouch, A-L & Moulaert, F. (eds). Cheltenham: Edward Elgar

Powell, J & Dayson, K 2013 'Engagement and the Idea of the Civic University. ', in: Benneworth, P (ed.), Universities Engagement with Socially Excluded Communities, Springer, London, UK, pp.143-162.

Dayson, K. (2011) Is the Government Losing Interest: Microfinance in the UK in ‘Enterprise, Deprivation and Social Exclusion: The role of small business in addressing social and economic inequalities’ A. Southern (ed.) New York: Routledge

Sim, J. & Dayson, K. (2011) ‘Portal to Portaloo: Can Microfinance and IT Help Solve the World’s Sanitation Crisis, in A. Ashta (ed.) Advanced Technologies for Microfinance: Solutions and Challenges. pp323-340. Hershey, PA: Business Science Reference (contribution 50%)

Dayson , K., B. J. Carboni, et al. (2010). Introduction. Handbook of Microcredit in Europe - Social Inclusion through Microenterprise Development. B. J. Carboni, M. L. Calderón, S. R. Garrido, K. Dayson and J. Kickul. Cheltenham, Edward Elgar Publishing, Inc.: 1-16.

Dayson , K. (2010). Conclusion. Handbook of Microcredit in Europe - Social Inclusion through Microenterprise Development. B. J. Carboni, M. L. Calderón, S. R. Garrido, K. Dayson and J. Kickul. Cheltenham, Edward Elgar Publishing, Inc.: 385-392.

Articles in Journals and refereed conference proceedings

Dayson , K. and P. Vik (2008). Making European microfinance more sustainable - lessons from Britain. European Microfinance Network 5th Annual Conference "Microfinance - a tool for growth and employment". Nice, France.(contribution: 50%)

Dayson K (2008) ‘Conceptualising the Third Sector across Europe: Microfinance as a Case Study’. 38th World Congress of International Institute of Sociology, Budapest 26-30 June (contribution :50%)

Dayson, K. & Vik, P. (2009) Can MFIs in Western Europe be Sustainable? ‘Microfinance in Europe’. No. 5 (June) pp9-12 (contribution: 50%)

Dayson, K. & Vik, P. (2009) Are Customer Relationships the Key to Productivity in Microfinance Organisations. Pfeiffer University, Charlotte, NC, USA. Banking on the Future: Microfinance as Service Colloquium. September 29. (contribution 50%)

Dayson , K. and P. Vik (2010). Measuring the impact of EU microfinance – Lessons from the field. EMN 7th Annual Conference "2010: A Changing Europe - combating poverty, supporting enterprise". London, EMN.(contribution: 50%)

Dayson, K. & Sim, J. (2010) Technology to Toilets: Can Microfinance Help solve the World’s Sanitation Crisis. ‘Journal of Electronic Commerce in Organizations. Vol 8(3) pp49-59 (contribution 75%)

Dayson, K & Vik, P. (2012) How Social is Social Investment: lessons from microcredit impact studies.11th July, 2012, ISTR. Sienna, Italy

Other key recent publications

Dayson, K. (2010) ‘After the Financial Crisis: The Roles of Civil Society Associations in Growing a More Civil Economy’. Dunfermline: Carnegie UK Trust

GHK, Nicholson, & Dayson, K. (2010) Evaluation of Community Development Finance Institutions on behalf of the Department of Business Innovation & Skills. GHK: Birmingham

Dayson, K.; Mosley, P.; Vik, P. (2010) The social impact of UK microfinance: Salford: University of Salford

Dayson, K. & Vik, P. (2011) The Evolution of Financial Exclusion in Leeds Since 2004

Dayson, K. & Vik, P. (2011) ‘Code of Conduct for European Microcredit Providers’ European Commission: Brussels

Dayson, K. & Marchant B. (2012) Counting the Cost of Financial Inclusion: A Business Intervention Model for Financial Inclusion Activities within Golden Gate Housing Trust for Friends Provident Foundation

Dayson, K., Vik, P. Dory, R. & Smith, G. (2012) ‘A UK Banking Disclosure Act: From Theory to Practice’ London: Friends Provident Foundation

Dayson, K & Vik, P & Outen, G (2014), 'Social Return on Investment for Community Ownership of Assets - Piloting and Developing an Approach for CLTs', for: Esmee Fairbairn Foundation, University of Salford, Salford, UK.