A new zero-rate funding product has entered the UK social investment market. The product, which is the first of its kind in the UK, was developed by Kamran Rashid, CEO of Impact Hub Yorkshire, following consultation with organisations and social enterprises most affected by financial exclusion. The Local Access Bradford District (LABD) programme, which is … Continued
Based in Oxford, Tap Social Movement are on a mission to reduce reoffending through employment in brewing, baking and running hospitality venues. To date across its five sites, they have created more than 100,000 hours of paid meaningful employment for prison-leavers, with 30% of their hospitality and production teams having lived experience of the UK criminal … Continued
Our response to the Labour Government’s first Budget
Charity Bank, the loans and savings bank for social good, has announced its annual results for the year ended December 2022. The bank achieved a record financial result, with a significant profit of £2.7m. Charity Bank will reinvest 100% of its 2022 profit to further its mission and extend its reach to underfunded charities and social enterprises.
October 2022 Charity Bank was officially launched at 11 Downing Street by then Chancellor of the Exchequer, Gordon Brown, on 17 October 2002. Since then, Charity Bank has continued to be owned by and committed to supporting the social sector, making more than 1,100 loans totalling over £400m to housing, education, social care, community, and … Continued