Second Floor Studios & Arts (SFSA) has been offering affordable creative studios in London for more than 20 years. The social enterprise rented several buildings, but knew it needed to move to ownership to secure its long-term future.
Find out how a £2.7m loan is helping Second Floor Studios & Arts to restabilise the affordable artist studio sector through its acquisition of 30,000 sq. ft. on a 250-year leasehold giving 110 artists and other creative businesses the space to create.
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.