Triodos doubled its lending last year

Social investment bank Triodos lent £33m to charities and social enterprises in 2007, more than double the total for 2006, newly released figures show.

The Bristol-based bank says it has been unaffected by the credit crunch affecting mainstream financial institutions and now lends more than £65m to the third sector in the UK.

“It’s a great result, particularly given the current malaise in the financial markets,” said Sue Cooper, senior manager of Triodos’s social banking team. “The result is a real indicator of the sector’s growing economic significance and the powerful impact charities and social enterprises have in their communities.”

Among the bank’s new borrowers in 2007 were the Bishop Stortford-based Realife Trust, which helps people with learning difficulties, and the Sanford Housing Co-op in London.

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