Charity Bank launches social investment bond for Liverpool

Money raised will offer loans to social enterprises and community organisations

Social lender Charity Bank has launched a new £5m social investment bond that will allow people in Liverpool to invest in social enterprises in their area.

The bond has been developed in partnership with Liverpool Vision, an economic development company set up by Liverpool City Council to encourage investment in the city.

The money raised by the bond will be used to offer loan finance, from £50,000 to £2m, to social enterprises and other community organisations in north Liverpool and south Sefton, which contain six of the most deprived wards in the country.

Malcolm Hayday, chief executive of Charity Bank, said the bond offered people in Liverpool the chance to invest in the regeneration of their local area without giving their money away.

"It's a great alternative for those who, in this economic climate, might be struggling to sustain their support for charity," he said. "We can use their savings to fund these vital projects and then they can get their money back when they want it.

"And unlike a donation – which, once spent, is gone – we can lend the money out again and again."

Charity Bank has previously launched a Welsh community bond to help Welsh people invest their money in local charities.

 

David Ainsworth recommends

Charity Bank

Read more

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus