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£1million investment in Charity Bank to benefit Northern Ireland charity sector

£1million investment in Charity Bank to benefit Northern Ireland charity sector

The Building Change Trust is investing £1 million in Charity Bank to benefit community and voluntary groups in Northern . The investment is designed to help ensure that suitable loan will be available to charities and community organisations.

Charity Bank, which has operated in since it was established in 2002, is committed to growing this investment further by raising additional deposits from individuals and organisations in . Charity Bank will also be delivering a 5-year Investment Readiness Programme to strengthen financial capability in the sector.

Building Change Trust was established in 2008 with a £10 million investment by the Big Lottery Fund. Its Chairperson, Bill Osborne, said: “We recognise that now and into the future the sector will operate in a time of reduced and constrained funding and that innovation and changes in funding and financing arrangements are both inevitable and desirable.”

Frank Hewitt from the Big Lottery Fund said: “This £1 million investment in Charity Bank will help organisations consider loan finance to support positive activity or to continue to build change – it is a major investment for the sector.”

www.charitybank.org

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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