Charity Bank secures extra investment to help fund surge in loan approvals

The Samworth Foundation has become the newest shareholder of Charity Bank with an investment of £500k. In addition, existing Charity Bank shareholder, Barrow Cadbury Trust, has increased their total investment in the bank by £500k to £750k.

The new investments are timely, as Charity Bank announces record new lending commitments, approving £49m of loans in 2nd half year of 2020, the highest amount of new loan approvals over a six-month period in the history of the bank.

The bank has seen a sustained surge in loan applications from charities and social enterprises looking for support on projects, in part due to a reduced appetite for lending to the sector from mainstream lenders.

Further details on this announcement can be accessed here.

If your organisation would like to explore the loans they offer to small and large organisations where the loan is being used for a social purpose, then you can find more details here: