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Vodafone UK Foundation invests £100,000 in Charity Bank

Howard Lake | 12 May 2005 | News

The Vodafone UK Foundation’s equity investment in the UK’s first not-for-profit bank, makes it the first major non-financial corporate foundation to become a Charity Bank shareholder.

The capital investment will help to boost Charity Bank’s capacity to provide affordable loans to hundreds of charities and groups from disadvantaged communities across the UK.

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Charity Bank, the UK’s first fully regulated bank that is also a registered charity, celebrates its third anniversary this month. Since the launch of its pilot fund, it has provided affordable loans of over £30 million to some 380 charitable organisations that do not have easy access to mainstream lending.

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