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

- Link: https://fundraising.co.uk/2010/12/09/1million-investment-charity-bank-benefit-northern-ireland-charity-sector/
- Published: 2010-12-09T00:00:00+00:00
- Author: Howard Lake

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

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

[Building Change Trust](http://www.buildingchangetrust.org) 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.”

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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

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