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Charity Bank News

Charity Bank in the North moves to York

Charity Bank in The North, which empowers organisations throughout Yorkshire and Humber to become entrepreneurial in their outlook, has become the first tenant to move into St Clements Hall, York’s own community-managed centre.

Azlina Bulmer, Programme Manager, who lives in York, said: “We are excited to be relocating our northern offices to St Clements Hall. We are ourselves a charity, and to be working from a community-managed centre fits the bill perfectly. York is vibrant and culturally rich city so we are excited by our new surroundings.”

Since its founding in 2007, Charity Bank in the North has been working to assist charities, voluntary organisations and social enterprises in the Yorkshire and Humber region to become more sustainable.

The team has helped about 900 organisations across the region through a series of workshops, looking at financial sustainability issues. It has awarded loans and grants of almost £13.5 million in the region, and rolled out of an investment readiness programme.

With more demands expected from the charities and voluntary sector, Ms Bulmer is confident it will continue to grow and provide vital financial and business support for the sector.

She said: “The team is enabling charities, social enterprises and voluntary organisations to carry on their work, offering vital services to the most vulnerable people in the region, and creating jobs and income for communities.”

Learn more about Charity Bank in the North
Learn more about Charity Bank’s Loans
Learn more about Charity Bank’s Saving Accounts

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Advisory Board Revealed for Charity Bank Wales

Charity Bank has made a series of appointments to its first Welsh Advisory Board to guide its growth in Wales.  Appoints are senior figures from Welsh civic society and business.

The Advisory Board members are;

  • David Melding AM, Conservative Party Assembly Member for South Wales Central and Shadow Minister for Economic Development.
  • Gerry Holtham, the leading banker and economist and a public policy specialist, who was chair of the independent Commission that recently reported on funding and finance for Wales.
  • Simon Gibson, Chief Executive Officer of Wesley Clover, the venture capital specialist, chaired by Sir Terry Matthews. Simon chaired the Welsh Assembly Government’s independent review of higher-education commercialisation activities.
  • Sir Roger Jones, former WDA chairman and BBC Trustee and current chair of governors of Swansea University and member of S4C Authority.
  • Adele Blakebrough, a pioneer of the social enterprise movement and a member of the Welsh Assembly Government’s Social Enterprise Ministerial Advisory Group.
  • Tom Davies, currently Commissioner with the Independent Police Complaints Commission, with responsibility for Wales and former Big Lottery Board Member and the inaugural Director of the Princes Trust in Wales.

Commenting on the appointments Ian Courtney, the Charity Bank’s Regional Director for Wales said:

“I regard the quality of these appointments as an endorsement of the Charity Bank proposition. Every member has that special understanding that distinguishes the work of the sector. The combination of some of the sharpest entrepreneurs in Wales, enlightened fund management practitioners and progressive thinkers will be invaluable in developing our business. Charity Bank is indebted to our Board members for agreeing to volunteer their time to serve Wales and its social enterprise movement.”

The Bank established a permanent presence in Wales in the summer of 2009 with the appointment of a regional director for Wales. The Advisory Board has been established to guide the development of the Bank’s business in Wales. Members of the Advisory Board will not hold governance responsibilities.

The appointment of the Advisory Board comes at a key time for the development of Welsh social enterprises and charities. The Comprehensive Spending Review of public expenditure will sets the Assembly Government’s future level of funding is expected to report in the Autumn. It will influence the shape of the sector in Wales. Charity Bank is eager to support the sector in developing innovative ideas for the delivery of services and products.

More details on Charity Bank’s work in Wales can be found within the Charity Bank in Wales section of this website.

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Charity Bank Increases Funding

Outlining its results for the first 6 months of 2010, Charity Bank revealed that loans agreed to charities and social enterprises totaled £20,932,750 – compared to £22,902,216 achieved during the whole of 2009.

Chief Executive of Charity Bank, Malcolm Hayday said:
“Over the past six months we have been able to increase our funding to charities and social enterprises.  Some of the organisations we have supported have come to us because their funding has been withdrawn, while others have been attracted by the certainty and service we offer.

Hayday added: “We remain open for business and are actively encouraging applications from the sector.  As the public spending cuts come into effect we will continue to maximise our support to enterprises that are making a real difference to the communities and people they serve.”

Preferential loan rate announced

Charity Bank has also announced that it will be offering charities and social enterprises a preferential rate (a 0.5% reduction in its existing lending rates) for new loans drawn before the 31st December 2010.

To find our more about Charity Bank loans visit www.charitybank/loans or call 01732 774050.

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Charity Bank Comments on Big Society Bank

Malcolm Hayday, Chief Executive said:

“We have called for the ‘Big Society Bank’ to be a wholesale provider of finance to existing independent intermediaries so we are pleased that this seems to be the case. Existing social investment organisations provide the most effective way to leverage the impact of the money and multiply the funds available.”

“As a regulated bank, for each pound of additional capital invested in Charity Bank we make at least seven pounds available to Charities and Social enterprises. We currently have loan commitments of £61million and, additionally, as a result of our loans, our borrowers have been able to raise a further £180m across the sector. With more capital we could multiply this support many times over.”

“The social sector needs to scale up, and if funds are directed towards intermediary organisations like Charity Bank who are established players working towards the long term sustainability of the sector, this is a positive step.”

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Charity Bank and Investing For Good alliance

Charity Bank today announced the first step in an expansion of its range of services with the strategic alliance with Investing for Good, the specialist social investment advisor.
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Scope approaches Charity Bank for loan

Scope has approached Charity Bank for loan finance as part of an innovative ‘investment platform’ to enable the development of 15 new flats for disabled adults with complex impairments. Read More »

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Save for Kent Charities

People in Kent are being urged to help create a £1m investment fund to support charities in the region – simply by opening a savings account.

The Kent Community Bond is available from Tonbridge based Charity Bank, a registered charity that is also a regulated bank, which uses its depositors’ funds solely to invest in and support the charitable sector. Read More »

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Charity Bank Appoints New Chairman

George Blunden has been appointed as Chairman of Charity Bank, the only regulated bank in the UK that is also a registered general charity.

George said: “As a financier by background and a community worker at heart, I am delighted to be appointed Chairman of Charity Bank. I am privileged to be joining Charity Bank at such a critical point in its development and look forward to working with the Board and management team to further our mission to finance charities and other social profit organisations that address society’s needs.” Read More »

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Year on Year Growth for Charity Bank

The strength of Charity Bank’s support of the social sector has again been confirmed by record growth announced today.
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Sir Peter Baldwin KCB

It is with great sadness that we inform you of the death of Sir Peter Baldwin, KCB, former Chairman of Charities Aid Foundation (CAF) and champion of the development of Charity Bank. Read More »

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Charity Bank Earns Double Innovation Awards

The sector’s specialist bank received two major awards for its innovation last night at the Financial Innovation Awards.
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Liverpool And Sefton Communities Set To Benefit From £5m Investment Fund

Liverpool savers and investors are being urged to back an exciting new initiative – creating a £5m investment fund to help regenerate one of the most deprived parts of the city.
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New Welsh Community Bond Set To Support Charity Sector In Wales

Launch backed by Welsh Assembly Government Finance Chief

A NEW ethical savings account was launched in Cardiff with the aim of supporting Welsh charities and social enterprises at a critical time.
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Charity Bank Earns Triple Award Nomination

Charity Bank has been shortlisted in three categories of the Financial Innovation Awards, run by the Institute of Financial Services (ifs) and now in its 12th year. Read More »

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Charity Bank announces positive mid year results

Charity Bank’s balance sheet has grown by 25 per cent this year and is now just shy of £60 million – 10 times bigger than when it launched in 2002.

The loans book now stands at over £31m with £11.65m loan finance already agreed this year.

And with deposits at £44.1m Charity Bank continues to be an attractive option for depositors looking to do something different with their money, with nearly £6m raised through its Charity ISA since last June. Read More »

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Charity Bank in the North celebrates its second anniversary

Charity Bank's Deputy Chief Executive, Jim Gilbourne

Charity Bank’s former Deputy Chief Executive, Jim Gilbourne

To celebrate the second anniversary of its creation, with the support of Yorkshire Forward, the Charity Bank in the North team held a reception at its new office in Leeds at the end of June. Read More »

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Help Young People’s Project win a National Lottery Award

Help Young People’s Project win a National Lottery Award

Young People’s Project (YPP), a Charity Bank borrower, is competing for a National Lottery Award and a £2,000 prize.  They’re running against nine other projects in the Best Education Project category, and they need your votes. Read More »

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Charity Bank appoints director for Wales

 Jun 19 2009 by Sion Barry, Western Mail

The Charity Bank has appointed its first ever regional director for Wales.

The bank, which was established in 2002, is being headed in Wales by Cardiff-based Ian Courtney. Read More »

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Charity Bank Goes From Strength To Strength

Charity Bank, which uses its depositors’ money solely to support charities and social enterprises, has announced an increase in both sides of its balance sheet.

Outlining its 2008 results at its AGM last month, Charity Bank revealed that deposits grew by almost 7% in 2008 and had topped £40 million by the beginning of May 2009. Read More »

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NCVO CEO Calls For A Social Investment Bank …

NCVO CEO CALLS FOR A SOCIAL INVESTEMTN BANK, TO ENABLE THE CREATION OF ALTERNATIVE SOLOUTIONS TO THE STATE AND MARKET

Speaking at the Charity Bank AGM today, Stuart Etherington, CEO, NCVO, argued that civil society organisations play a crucial role in providing alternative solutions to the state and market. Read More »

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Year on Year Growth for Charity Bank

The strength of Charity Bank’s support of the social sector has again been confirmed by record growth announced today.

Outlining its 2009 results ahead of its AGM and Open Day on the 19th May, Charity Bank revealed that loans to charities, social enterprises and community projects grew by 31% year on year, to £35.8m in 2009 – a seven fold increase since Charity Bank launched in 2002. Read More »

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