# Charity Bank launches campaign to encourage using ethical providers

- Link: https://fundraising.co.uk/2018/09/17/charity-bank-launches-campaign-encourage-using-ethical-providers/
- Published: 2018-09-17T09:47:57+01:00
- Author: Melanie May

**Charity Bank has launched its annual campaign to encourage charities, businesses
and individuals to move some of their savings or reserves to an ethical provider.**

 

The [Follow the Money](http://www.charitybank.org/followthemoney) campaign will 
see 38 of the charities and social enterprises supported by [Charity Bank](https://www.charitybank.org/)
loans open their doors to showcase how money saved with an ethical provider can 
have a positive impact on society.

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Follow the Money is now in its 10^(th) year, and takes Charity Bank savers to see
for themselves how their money is being used to support charities and social enterprises.
This year’s 38-stop tour, which corresponds with Good Money Week (29 September –
5 October), started at the beginning of September and will run until October 5. 
It can also be [followed online](https://charitybank.org/follow-the-money).

 

> It’s time we all started to Follow the Money! We've launched the Follow the Money
> campaign to encourage charities, businesses and individuals to move their savings
> to an ethical home. 
> Read more: [https://t.co/rB5eyBoPLq](https://t.co/rB5eyBoPLq)
> [#FollowTheMoney](https://twitter.com/hashtag/FollowTheMoney?src=hash&ref_src=twsrc%5Etfw)
> [pic.twitter.com/ZJWlQ64l6O](https://t.co/ZJWlQ64l6O)
> — Charity Bank (@CharityBank) [September 17, 2018](https://twitter.com/CharityBank/status/1041552366753988608?ref_src=twsrc%5Etfw)

 

 

 

It is supported by a number of social sector organisations including [NCVO](https://www.ncvo.org.uk/),
NAVCA, Social Enterprise UK, Social Enterprise Mark CIC, Locality, Responsible Finance,
[Big Society Capital](https://www.bigsocietycapital.com/), Barrow Cadbury Trust,
ShareAction, CAN, Clinks, the Finance Innovation Lab, Good With Money, The Ethical
Company Organisation and Ethical Consumer.

 

Edward Siegel, Charity Bank’s Chief Executive, said:

 

> “It’s easy to dismiss the possibility of achieving a social return as well as 
> a financial return on your investments but saving ethically offers the chance 
> to do both.
> “By channelling money into charities, social enterprises and social businesses,
> your money is used as a force for good. It empowers these organisations to grow,
> innovate and build upon the services and support they provide to their beneficiaries.”

 

Karl Wilding, Director of Public Policy and Volunteering at NCVO, said:

 

> “It’s fantastic to see charitable organisations opening their doors to show the
> real-life impact that loans from ethical financial providers have on our communities.
> It’s thanks to the businesses, charities and individuals that choose to save their
> money with ethical banks, such as Charity Bank, that support can be provided to
> organisations that need it.”

 * **[Charity Bank issues 1000th loan](https://fundraising.co.uk/2019/11/12/charity-bank-issues-1000th-loan/)**(
   12 November 2019)
 * **[Charity Bank raises nearly £5 million in subordinated debt](https://fundraising.co.uk/2019/11/28/charity-bank-raises-nearly-5-million-in-subordinated-debt/)**(
   28 November 2019)
 * **[Charity Bank secures £500k new investment as it seeks to double lending](https://fundraising.co.uk/2020/01/14/charity-bank-secures-500k-new-investment-as-it-seeks-to-double-lending/)**(
   14 January 2020)

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