Charity Bank is an ethical bank that uses savers’ money to lend to charities and social enterprises.
This co-investment facility provides capital for Charity Bank to expand its offering and make larger loans to social enterprises and charities. These loans may be used to help borrowers make substantial asset purchases such as property for premises to deliver their services.
Our investment in this facility was increased from £20 million to £35 million in December 2019
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Fund size
£51.6 million -
Better Society Capital commitment
£35 million
Key information
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Geography
UK wide -
Investment type
Enterprise debt -
Fund manager
Charity Bank -
Investment status
Current -
Investment date
2015 -
Term
5 years
Impact
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Number of borrowers
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Average loan size
Sustainable development goals
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1: No Poverty End poverty in all its forms everywhere -
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
4: Quality Education Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all -
7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all -
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable
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Other investors