
Charity Bank
established in 2002, following
a successful pilot loan fund experience, Charity Bank is a registered
charity and a fully regulated bank. It is a social enterprise dedicated
to unlocking personal and corporate liquidity as a source of affordable
finance for on-lending to charities and social enterprises. Through
its actions it seeks to change attitudes and to develop a social
finance market in the space between grants and commercial finance.
In 2003, it became the first bank to be accredited by the UK Government
under the community investment tax relief, a system whereby the
Government provides a fiscal incentive for investment into disadvantaged
communities through accredited community finance intermediaries.
charity Banks focus is
presently in the UK but is seeking to build a network of trusted
intermediaries around the world capable of adopting common values
to social investment.
| Figures (31/12/02) |
| Equity : |
£4.2 million |
| Total assets : |
£8.9 million |
| Employees : |
10 full time equivalent |
|
|
|