Vodafone UK Foundation invests £100,000 in Charity Bank
Howard Lake | 12 May 2005 | News
The Vodafone UK Foundation’s equity investment in the UK’s first not-for-profit bank, makes it the first major non-financial corporate foundation to become a Charity Bank shareholder.
The capital investment will help to boost Charity Bank’s capacity to provide affordable loans to hundreds of charities and groups from disadvantaged communities across the UK.
Charity Bank, the UK’s first fully regulated bank that is also a registered charity, celebrates its third anniversary this month. Since the launch of its pilot fund, it has provided affordable loans of over £30 million to some 380 charitable organisations that do not have easy access to mainstream lending.
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.