A £3m fund designed to help social enterprises expand has closed after making only one investment in two years.
Triodos, the bank operating the fund, said most social enterprises are not yet ready for large capital injections.
“The recession is having an impact,” said Charles Middleton, Triodos UK managing direction.
“But our experience was mainly not finding the [...]
A £3m fund designed to help social enterprises expand has closed after making only one investment in two years.
Triodos, the bank operating the fund, said most social enterprises are not yet ready for large capital injections.
“The recession is having an impact,” said Charles Middleton, Triodos UK managing direction.
“But our experience was mainly not finding the [...]
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending.
During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009.
Figures from Triodos show new lending [...]
Ethical bank Triodos reported a record year for its UK operations in 2009, with lending and commitments growing by 73%.
During 2009 the bank loaned nearly £250 million to organisations in the UK delivering social, environmental or cultural benefits.
Bevis Watts, the bank’s head of business banking, said the surge in lending for 2009 was “phenomenal”.
Environmental enterprise [...]
An ethical banking expert claimed this week that the mainstream banking sector has failed to show sufficient remorse for its role in the financial crisis.
Charles Middleton, chief executive of the UK branch of ethical bank Triodos, said bank leaders have yet to take responsibility for their wrongdoings.
Speaking ahead of a conference on ethical finance in [...]
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.
Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.
This £305 million total represents an overall lending increase of 29% compared to [...]