The bank has £3m to invest in good causes with effective business models (such as learning disability charity Realife, above). Each organisation will be eligible for funding of up to £750,000. Whitni Thomas, investment manager at Triodos, said the fund would help plug the equity gap.
- Charity Bank's new northern division has extended to 11 July its application deadline for a one-to-one programme for third sector organisations considering loan finance. It provides 20 organisations with personal advice, specialist support and organisational assessment.
- Home Call Centre, a technology company, will this month launch a new system that allows charities to run call centres through home-based workers. Its home-sourcing system installs a 'magic box' in workers' homes, which makes them part of charities' helplines. The system is designed to allow charities to keep services under their control, without needing to provide expensive offices for staff to operate from.
- Pan-Asset Capital Management has published a guide for charities investing in exchange-traded funds, which are designed to allow investors to track the total returns of a major market at little cost. "Once these funds are better understood and more widely distributed, they will sweep through the marketplace," said John Redwood MP, Pan-Asset's chairman.