Share

Triodos Bank increases lending to social sector by a third

Triodos Bank increases lending to social sector by a third
News

Triodos Bank increases lending to social sector by a third

Finance | Vibeka Mair | 5 Oct 2009

Triodos Bank has increased lending to charities and social enterprises by 33 per cent in the first half of 2009, taking its total lending and commitments to civil society to £150m.

The largest growth area was social housing.

Overall the ethical bank showed a 29 per cent increase in total UK lending and commitments in the first half of 2009 to £305m.

Sue Cooper, senior manager of the social banking team at Triodos said the growth in lending was due in part to the recession:

"Because of lending constraints in mainstream banks organisations have started to turn to alternative lenders like us. We have the money to lend while mainstream banks are finding it difficult.

"Also, last year less people borrowed as they wanted to hold off and see what happened with the economic downturn. The situation is slightly clearer this year so more people are borrowing."

Meanwhile, Google and Triodos Bank have launched an online interactive map that lets users see where and to whom Triodos has lent money around the UK.

The website, called KnowWhereYourMoneyGoes, started in Netherlands Triodos:

"It's another way of delivering transparency about all our operations," says Cooper.

The site is modelled on route planner Google Maps. It features an application where users can search by location to find out where Triodos is lending or by sector to find specific projects (pictured) which Triodos funds.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Help the Hospices rebrands as Hospice UK

29 Sep 2014

Help the Hospices has rebranded to become Hospice UK to better reflect the “breadth, dynamism and flexibility”...

NSPCC rebrands and moves on from the Full Stop campaign

26 Sep 2014

The NSPCC has rebranded in a bid to turn around its declining income and better convey the work it is...

UK charities spend bulk of near £400m advertising budget on direct mail

26 Sep 2014

Charities in the UK spent £394m on advertising in 2013 with 61 per cent of the total going on direct...

Tory MP targeted by Newmark honeytrap reporter will complain to Ipso

29 Sep 2014

A Conservative MP who was targeted by the same freelance reporter that ended Brooks Newmark's ministerial...

Help the Hospices rebrands as Hospice UK

29 Sep 2014

Help the Hospices has rebranded to become Hospice UK to better reflect the “breadth, dynamism and flexibility”...

Nearly 40 redundancies at Lincolnshire education charity

26 Sep 2014

Linkage Community Trust has made 39 people redundant as the learning disabilities charity works to refocus...

JustGiving page for Manchester Dogs’ Home receives four donations a second

15 Sep 2014

JustGiving has said that donations going to an appeal for the Manchester Dogs’ Home following an arson...

Commission's new online charity search to launch soon after delay

15 Sep 2014

The Charity Commission’s searchable online register of charities is due to launch in beta this autumn,...

Charities warned that digital campaigns can be 'counterproductive'

9 Sep 2014

Charity digital campaigns can be counterproductive and will need to change to keep the attention of those...

Join the discussion

 Twitter button

@CSFinance