Charity Bank, the loan and savings bank owned by charities and social purpose organisations, today announced it has lent over £15.2 million to the social sector in the first three months of 2018; more than any previous quarter in its history. Its loan book has now grown by over 120% since the start of 2015.

As part of its pledge to do more to support the social sector, Charity Bank has launched its ‘Bank On Us’ campaign to reduce the costs associated with taking on a new loan and refinancing an existing loan. This follows its announcement in February that it has increased the interest rate paid on its Ethical Easy Access Account.

Patrick Crawford, Chief Executive of Charity Bank, said: “Despite the challenging and uncertain outlook, charities and social enterprises have continued to take on new projects to address social needs. The resulting loan demand from the social sector has continued and shows no sign of slowing.

“Our Bank On Us campaign is part of our pledge to continue to work side-by-side with social sector organisations seeking to use loan finance to make a bigger difference.

“By reducing the costs associated with taking on a new loan and refinancing an existing loan, we aim to give a little extra back to the charities and social enterprises we have the privilege to work with every day as they help the disadvantaged, enrich lives and improve communities.

Charity Bank’s record growth in the first quarter of 2018 follows three consecutive years of record lending to the social sector. In 2017 Charity Bank lent £34.1 million to organisations within the sector (2016: £27.9m; 2015: £24.7m).

Charity Bank offers loans to small and large charities and social enterprises. Since 2002, it has lent over £215 million to over 650 social sector organisations. It has a social mission which is protected by its charitable objects and its social sector ownership.

One organisation that is benefiting from a Charity Bank loan is the YMCA Downslink Group, a registered charity working across Sussex and Surrey to provide a variety of services and projects to the local communities, with a focus on helping young people who exist on the margins of society to access opportunities.

Chas Walker, CEO of YMCA Downslink Group, explains how its decision to borrow from Charity Bank was influenced by a desire to work with a likeminded organisation with aligned values:

“Over the last year, we’ve reached over 16,000 young people through supported housing, learning and employability projects, counselling services, and more. We refreshed our business plan at the start of 2016 and knew we needed to increase borrowing to implement our overall investment plan for growth. 

“Mainstream banks aren’t always familiar with charity business models whereas the team at Charity Bank were knowledgeable, understanding and supportive of our plans. They not only offered competitive rates but also the knowledge that any interest we paid to them would go towards a wider social mission. It was an easy decision for our board to make.”

Loans offers: If you make a loan enquiry with Charity Bank by 31st August 2018 and sign a loan agreement with Charity Bank on or before 31st December 2018 for a loan of at least £250k, Charity Bank will:

  • charge no arrangement fee (if you are refinancing from another provider); or
  • make a contribution towards legal and professional fees (for new loans)

For full details of Charity Bank’s loan offer, visit

For more information please contact:

About Charity Bank

Charity Bank is the loans and savings bank owned by charities and social purpose organisations and with a mission to use money for good. Charity Bank lends solely to charities, social enterprises and other organisations where the loan is for social purpose. All of its shareholders are charitable trusts, foundations and social purpose organisations. Charity Bank is one of the world’s most ethical companies, according to research carried out by The Good Shopping Guide. Charity Bank is also the only bank in the UK with the Social Enterprise Mark, recognising its social purpose and social sector ownership.

For more information visit  

Registered Office: The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge, Kent TN9 1BE. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority No. 207701. Member of the Financial Services Compensation Scheme (FSCS). Company registered in England and Wales No. 4330018.