Share this page
The Charity Bank
Introduction
- Local charities that commercial lenders can’t help are supported
- Community enterprises are helped to become self-sufficient
Summary
A branch of a unique bank that supports social enterprise opened in Yorkshire after a £10 million investment by Yorkshire Forward.
Charity Bank is a national organisation that aims to support business growth in the third sector. The investment in a local branch was the first of its kind by a regional development agency.
The project is intended to improve local community enterprise by providing access to financial loans and helping third sector companies become self-sufficient. Malcolm Hayday, chief executive of Charity Bank said: “We welcome the innovative lead that Yorkshire Forward has taken to open up access to finance for third sector organisations throughout the region.”
Charity Bank is unique in its position as a registered general charity and an authorised bank. It was launched five years ago to create a sustainable source of loan funds for charities and social enterprises that commercial lenders can’t or won’t provide.
You can find out more at www.charitybank.org
