The bank was one of the four bodies that founded Futurebuilders and will relinquish its status as a member organisation at the end of March. It will be replaced by the Social Enterprise Coalition.
Peter Wheeler has announced that he will stand down as chair of Futurebuilders at the same time.
Malcolm Hayday, chief executive of Charity Bank, told Third Sector Online that the organisation could no longer devote resources to Futurebuilders.
“In the past three years, we have won a major contract to work with the development agency Yorkshire Forward and, with other things that we are now doing, we are pretty stretched resource-wise,” he said. “We feel that now Futurebuilders has got itself established it is time for us to step back.”
Sally Procopis, resources director at Futurebuilders, said the two organisations were moving in different directions.
She said: “We have discussed it with Charity Bank over the past few months, and the view is that there is less of a strategic fit between the way that Charity Bank is going and the way that Futurebuilders is going.”
Bringing the Social Enterprise Coalition in as a Futurebuilders stakeholder would improve the funder’s reach to social enterprises, Procopis added. “It gives us access to the world of social enterprise that we did not have,” she said.
In a statement, Wheeler said: “This is an exciting time for Futurebuilders England, and as we bid to run the second phase it is a natural point for me to hand over to a new chair.”