Published: 5th Jul 2019

Charity Bank has announced a £5m injection of funds from the independent charitable trust, Power to Change. Charity Bank says the deposit will increase their lending capabilities and improve access to finance for charities and social enterprises. They say this is increasingly important, as 78% of those who borrowed money from Charity Bank said their project would not have gone ahead without it and 30% said it helped keep the organisation afloat. The organisations helped by Charity Bank include Imago, a social action charity supporting communities across the South of England which purchased a new premises with funding from Charity Bank, and Burton Street Foundation, a community benefit society in Sheffield which has also been supported in the past by Power to Change. Burton Street Foundation works with almost 250 adults and 50 children every week, with needs ranging from moderate learning difficulties to profound and multiple learning disabilities. Ed … (To read the full article, subscribe below)