Watford Mencap will soon be moving into its new community hub, thanks to a £1.04m loan from Charity Bank. The hub will bring all the charity’s services together in one place and be used by more than 200 children and 600 adults.
Finchley Reform Synagogue (FRS) has seen membership grow from 20 families in 1960 to 900 today. It badly needed a new place to worship. With the help of a Charity Bank loan, FRS is building a brand-new synagogue offering twice as much space.
Community-led housing projects can find it hard to raise funds. Charity Bank provided a loan totalling £130,000 to the Askrigg Foundation to convert a rundown building into a community shop and three new affordable homes.
The Yorkshire village of Askrigg is very popular with holidaymakers. While that’s good for tourism, local people are being pushed out of the housing market. The Askrigg Foundation is using a community-led housing loan from Charity Bank to put things right.
Charity Bank, the loans and savings bank setup specifically to support charities and social enterprises in the UK, has announced a principal partnership agreement to feature at the Positive Banking Conference 2021.
Housing charity Chrysalis is working to reduce its reliance on leased properties by increasing its property ownership. A £666,000 loan has enabled Chrysalis to refinance one property and purchase another.
Vulnerable people deserve decent homes and the support they need to rebuild their lives. Chrysalis is helping to make that a reality. The charity recently strengthened its housing provision using a loan from Charity Bank.
For more than 30 years, Living Paintings has been helping to bring art and stories to life for blind people. And for most of that time, Charity Bank has been by its side. Here, Chief Executive Camilla Oldland tells us about her journey with Charity Bank.
Your eligible deposits with Charity Bank are currently protected up to a maximum of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Total balances above £85,000 are not protected.
For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000).
Deposits from large companies and small local authorities are covered by the FSCS deposit protection from 30 January 2017 up to a maximum of £85,000.
Visit the FSCS website for more information or call the FSCS on 0800 678 1100 or 0207 741 4100.