The Recovery Loan Fund (RLF) provides loans to UK charities and social enterprises who have been impacted by Covid-19 and need funds to help them to survive, recover and grow. Charity Bank is a delivery partner for RLF.
Large buildings often experience several changes of use over their lifetime. One such property in Leeds was originally two separate family homes. In the 1970s, it was redeveloped into a large hotel. And now it’s a Buddhist temple, home to Wat Buddharam Leeds.
Ruby’s Fund was given an ultimatum by its landlord – buy the property you’re renting or move out. The charity couldn’t afford the purchase price, couldn’t find another property, and couldn’t find a high-street bank willing to offer a loan.
One of Central YMCA’s main income streams was ravaged by the pandemic. Rather than draining its reserves, Central YMCA is using a £4m loan from Charity Bank to support its recovery. Kieran Connolly, Chief Resources Officer at Central YMCA, explains why.
Micro Rainbow offers lesbian, gay, bisexual, transgender, queer and intersex (LGBTQI) asylum seekers a holistic package of support, including shared housing. Charity Bank is lending Micro Rainbow £1.5 million.
It all started with a pen … Back in 2011, a chance meeting led to Age UK Herne Bay taking out an ethical loan with Charity Bank. 10 years and a second loan later, what does the charity’s Chief Officer, Sue Cliffe, have to say about the relationship?
Your eligible deposits with Charity Bank are currently protected up to a maximum of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Total balances above £85,000 are not protected.
For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000).
Deposits from large companies and small local authorities are covered by the FSCS deposit protection from 30 January 2017 up to a maximum of £85,000.
Visit the FSCS website for more information or call the FSCS on 0800 678 1100 or 0207 741 4100.