Charity Bank reaches £50 million in loan finance
Howard Lake | 14 July 2006 | News
Charity Bank — the UK’s first not-for-profit bank — today announced that it has achieved exceptional growth in lending this year following an unprecedented rise in deposits in 2005.
Charity Bank has now agreed loans worth over £50 million to more than 500 enterprising charitable organisations across the UK, supporting a vast range of different community and social enterprise activities. These loans have also helped to unlock over £135 million of funding for voluntary and community activities.
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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.