Charity Bank co-investment facility

The challenge

For many social enterprises and charities, a loan secured on a building or other asset is an affordable route to finance. However, even organisations with valuable assets often struggle to access funding through mainstream banks. Many are seeking more aligned and supportive relationships with their financial institutions. Depositors also increasingly want to ensure their savings are held by an organisation that shares their values and supports impactful enterprises across the UK.

Our approach

Dedicated social banks such as Charity Bank provide finance to UK charities and social enterprises with a deep understanding of their business models and help to lend on attractive terms. They also have a strong regional presence, enabling them to reach a wide range of organisations.

The Fund

This co-investment facility provides capital to enable Charity Bank to expand its offering and make larger loans to social enterprises and charities. These loans may be used to help borrowers expand their impact, for example by making substantial asset purchases such as property for premises to deliver their services.

Our investment in this facility was increased to £35 million in December 2024.