# Big Society Capital invests further £5 million in Charity Bank

- Link: https://fundraising.co.uk/2016/10/07/big-society-capital-invests-5m-charity-bank/
- Published: 2016-10-07T09:08:16+01:00
- Author: Melanie May

**[Big Society Capital](http://www.bigsocietycapital.com) has released the second
tranche of its £14.5 million investment commitment into [Charity Bank](http://www.charitybank.org)
with a further £5m injection.**

 

The first tranche of £4.5 million was invested in March 2014.

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Charity Bank uses savings to make loans to charities and social enterprises, and
has lent over £150 million since 2002. This further investment from Big Society 
Capital** **will allow it to make more loans to social sector organisations in the
coming years.

 

Charity Bank has also announced record growth in its new loan approvals for the 
current financial year, with £55.8 million of new loan approvals in the first nine
months of 2016, compared with £34 million for the whole of 2015.

 

Big Society Capital’s investment is the third capital investment received by Charity
Bank in the past two years. In 2015 [The Mercers’ Charitable Foundation](http://www.mercers.co.uk)
invested £1million, increasing its shareholding in Charity Bank to £1.2 million,
while [Barrow Cadbury Trust](http://www.barrowcadbury.org.uk/) provided additional
backing through its £250,000 investment in January this year.

 

George Blunden, chairman of Charity Bank, said:

 

> “This investment gives us the capital we need to make loans to more social sector
> organisations. It provides a strong endorsement of what we do and expresses confidence
> in our ethos and our future. This injection of capital will enable us to build
> on our track record of effective and responsible lending to charities and social
> enterprises.”

 * **[Big Society Capital invests further £2.5 million in Charity Bank shares](https://fundraising.co.uk/2017/06/08/big-society-capital-invests-2-5m-charity-bank-shares/)**(
   8 June 2017)
 * **[Charity Bank introduces easy access bank account for charities](https://fundraising.co.uk/2017/10/08/charity-bank-introduces-easy-access-bank-account-charities/)**(
   8 October 2017)
 * **[Time for charities to check interest rate on savings, urges Charity Bank](https://fundraising.co.uk/2018/02/07/time-charities-check-interest-rate-savings-urges-charity-bank/)**(
   7 February 2018)

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