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Building Change Trust invests £1million capital in Charity Bank to benefit community and voluntary groups in Northern Ireland.
Charity Bank wins two awards from the Institute of Financial Services: the ‘ifs Award for Outstanding Innovation’ and ‘Social Responsibility and Community Banking’.
Charity Bank appoints a director for Wales to expand its activity in the country.
Double award winner: “Most effective partnerships strategy for its work with regional development agency Yorkshire Forward” and “Most innovative customer experience programme for its Different Journeys initiative” at the Financial Innovation Awards, run by the Institute of Financial Services (ifs).
The first ever Charity ISA launched, the only tax-free savings account where 100% of the funds, the deposit as well as the interest, is used for a charitable purpose.
Yorkshire Forward agrees to invest £10 million into Charity Bank the first investment of its kind by a Regional Development Agency.
Community Foundation Northern Ireland announces a £500,000 capital investment in Charity Bank, its first ever investment from a Community Foundation.
Loan enquiries exceed £100 million for the first time.
First CITR (Community Investment Tax Relief) investment limit fully subscribed at £12.5 million.
Leads a consortium of third sector organisations awarded mandate to manage £125 million Futurebuilders investment fund on behalf of Home Office.
Becomes Charter Member of the Community Development Finance Association (CDFA).
The first bank to be a community development financial institution (CDFI), accredited by Government to deliver the community investment tax credit.
Launch of the first tax effective community investment deposit account, the Charity Bank CITRA (Community Investment Tax Relief Account).
Charity Bank registered as a charity by Charity Commission and authorised as a bank by the Financial Services Authority. Inland Revenue consent also obtained. Investors in Society portfolio transferred to Charity Bank and first loans made, with an opening balance sheet of £6.4 million.
Charity Bank launched by Chancellor of the Exchequer at 11 Downing Street, 17 October.
Charity Bank incorporated in November and business plan and application submitted to regulators.
Maturing loan fund, the Scottish Community Enterprise Investment Fund, links with Investors in Society to offer exit reinvestment strategy.
Regulatory discussions begin, leading to development of detailed modelling of a bank for charity.
First loan to the Planning Exchange, Glasgow.
Almshouse loan scheme established with the Almshouse Association.
Investors in Society set up as a special trust within CAF as a pilot loan and guarantee fund, with £500,000 of funding from CAF.
Loans Services Unit established to explore the market and broker charity loans into the commercial market.
Charities Aid Foundation (CAF), a charity which provides specialist financial services to other charities, commissions research into the concept of a bank for charity. First overtures to regulators.
