Charity Bank moves to larger headquarters, more than doubling its office space
Charity Bank, a social purpose bank that uses savings to make loans to charities and social enterprises, is moving to a bigger head office in Tonbridge as it increases staff numbers to meet its ambitious growth targets. The bank, which has had its headquarters in Tonbridge since 2005, has moved from 194 and 190 High Street to bigger premises on 182 High Street, more than doubling its floor space to 6,432 sq ft to accommodate its growing workforce. Employees at the Bank have increased by 14% over the year to January 2015 to 56, with 44 employees based in Tonbridge, and will continue to grow.
“Our goal is to more than triple our lending to social sector organisations across the country to around £250 million over the next five years and we’re increasing the size of our team to help us achieve this.”
Patrick Crawford, chief executive officer for Charity Bank
Charity Bank offers loans to charities and other organisations that have a social purpose using the money that its savers entrust to it. It provides loans to help organisations buy property, develop social housing or community facilities, or to fund social projects. When an organisation pays back its loan, the money is used to lend to another organisation working to benefit society.
Earlier this year, Charity Bank become the first bank in Europe to achieve certification as a B Corporation, a new kind of status for companies that use the power of business to solve social and environmental problems. They are certified by the US based non-profit B Lab to meet rigorous standards of social and environmental performance, accountability and transparency.