How a loan could support your heritage project

By Dec 01, 2015

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Charity Bank lends only to organisations with charitable objectives, including the restoration of heritage: a key factor in regenerating communities and reinstating community pride.

Not-for-profit groups, community organisations, heritage sector partners and historic building owners across the UK are finding and developing new uses for at-risk buildings. Charity Bank lends exclusively to projects with charitable aims, including heritage and restoration projects, which can help to regenerate communities and reinstate community pride.

Funding a heritage project

We exists to make loans to charities, social enterprises and organisations with charitable purposes, including restoring heritage. You can apply for loans from £50,000 to £2.5 million. Each time a loan is repaid to us we re-lend those funds to support the work of charitable organisations. We take the time to build relationships with our borrowers, often by visiting their sites and learning about their work. We are a bank run for and owned by social purpose organisations: our mission is to support your mission.

Here's a look at a few examples of the heritage projects Charity Bank has supported. . .

1. Glasgow Building Preservation Trust: breathing life into old buildings

Anne McChlery, director of Glasgow Building Preservation Trust:

"The historic buildings that we rescue and restore contribute to the city’s economy, and importantly architectural heritage. We work in partnership with others to give redundant buildings a new purpose and return them to their communities.

Our Charity Bank loan was used to help provide working capital and for the repayment of an Architectural Heritage Fund loan. This has enabled us to continue to make a positive impact. In 2014, we completed our 20th project in 31 years with the restoration of one of Glasgow’s iconic Victorian bandstands at Kelvingrove, which was a venue for the Commonwealth Games cultural programme. In 2014 we organised two Doors Open Day events that attracted over 70,000 visitors and was supported by 1,866 volunteers."

2. Preservation Society: protecting our heritage

Anne Scott, chair of Old Hastings Preservation Society:

"When we wanted a base to develop as a local history centre, we took out a loan from Charity Bank to buy and convert a warehouse into a resource centre, known as ‘Hastings History House.’ The loan enabled us to purchase the property which provides an information, meeting and exhibition space accessible to the general public, with the ground floor available for hire. The top floor accommodates our office and additional space, which is hired out to other local archaeological and history charities.

The loan has enabled us to continue to play an important role in encouraging interest in Hastings’ history through varied exhibitions, walks and lecture programmes."

3. Govan Workspace: reinventing Govan through re-using its old buildings

Pat Cassidy, managing director of Govan Workspace:

"Govan Workspace was set up in 1981 with a vision of creating employment through the provision of managed workspaces and services to small firms, tailoring leases to suit their needs and helping them expand when they’re ready. We’re a community-based social enterprise, which is owned and controlled by local people. Our major focus is community regeneration in an area of high deprivation and social disadvantage, and the promotion of local heritage.

Charity Bank helped to finance the £2 million purchase and decontamination of a brownfield industrial site, while another loan helped us to repair and refurbish a former shipyard building, which we’re pleased to say is now complete with 12 offices that we will rent out at affordable rates."