Unity Trust Bank unveils Social Impact Report 2015Press Releases Published: April 26, 2016 10:22 am
- 56% increase in lending to £46.8m
- 3,773 jobs created and protected across UK
- 502 bed spaces created
- 13 community facilities established
Unity Trust Bank (Unity), the independent challenger bank with a social conscience, has revealed the extent of its social impact in 2015 – including a 56% increase in lending to organisations which offer community, economic, social or environmental benefits.
Demonstrating Unity’s focus on social impact, the bank reinvests customer deposits as loans for organisations that contribute positive social change such as registered charities and Community Interest Companies. This lending creates housing, community finance and community and care assets.
Through these loans, 3,773 jobs were created and protected, 502 bed spaces were created through the build, purchase or renovation of housing and 13 community facilities were purchased or preserved.
One such organisation creating social change from a Unity loan is NAViGO CIC, who provide mental health and associated services. This year, an £800,000 loan from Unity was used to purchase a garden centre as a going concern. This has grown and diversified the income stream of NAViGO CIC, and the centre is used as a venue to host activities which positively impact the wellbeing of the wider community.
Closer to home, Unity also increased its own positive social impact for its customers, staff and local communities. Highlights in these areas include customer satisfaction scores of 8.9 out of 10 and staff fundraising reaching over £4,700 for good causes.
Darrin Nightingale, Director of Customer, Propositions & Corporate Affairs at Unity Trust Bank commented:
“Social impact and financial sustainability are at the core of Unity Trust Bank’s business ethos and we are proud to support our customers in these key areas. £46.8m, a 56% increase from 2014, is a tremendous lending milestone and we look forward to building on this as the bank continues to grow.
“As a bank for socially motivated organisations, we hope to help even more customers this year and further2015’s success.”
Notes to editors
About Unity Trust Bank
Unity Trust Bank was founded in 1984. Unity is a bank for organisations and businesses that offer social, economic, community or environmental benefits in a way that is financially sustainable. The Bank seeks to put social change at the heart of everything it does and provides tailored day-to-day banking and loan finance to socially motivated organisations including SMEs in the health, housing and educational sectors as well as a wide range of charities, social enterprises, co-operatives, CICs, voluntary and community organisations, trade unions, councils and more. Over 20,000 organisations bank with Unity and in 2015 its customers rated it 1st in 8 of 9 customer satisfaction categories in the Charity Finance Banking Survey. In 2015, the Bank made 59 loans totalling £46.8m which helped to create and protect 3,773 jobs in the UK.
Unity Trust Bank is a Living Wage accredited employer. The first bank to be so, this illustrates Unity’s commitment to its employees. It also holds the Fair Tax Mark in recognition of its fair and transparent accounting approach.
Gug Kyriacou, Joint Managing Director: Gug.Kyriacou@fwdconsulting.co.uk / 0207 280 0640 / 07956 570 350
Adam Shaw, Account Manager: Adam.Shaw@fwdconsulting.co.uk / 0207 280 0642 / 07495 403 654
Cat Ommanney, Account Director: Cat.Ommanney@fwdconsulting.co.uk / 0207 623 280 0644 / 07792 768 267
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