Charity Bank has been doing its bit to raise the profile of ethical banking and encouraging charities and social enterprises (who are estimated to hold over £100bn of collective investment assets) to switch to providers such as themselves with the launch of the tenth annual Follow the Money campaign.

Supported by the NCVO, NAVCA, Social Enterprise UK, Social Enterprise Mark CIC, Locality, Responsible Finance, Big Society Capital, Barrow Cadbury Trust, ShareAction, CAN, Clinks, the Finance Innovation Lab, Good With Money, The Ethical Company Organisation and Ethical Consumer, the campaign will see 38 of the charities and social enterprises supported by Charity Bank loans open their doors to showcase how money saved with an ethical provider can have a positive impact on society.

The message is reinforced by research suggesting that 7 in 10 people think that charities should invest their savings and investments ethically.

Edward Siegel, Charity Bank’s Chief Executive, said: “It’s easy to dismiss the possibility of achieving a social return as well as a financial return on your investments but saving ethically offers the chance to do both. By channelling money into charities, social enterprises and social businesses, your money is used as a force for good. It empowers these organisations to grow, innovate and build upon the services and support they provide to their beneficiaries.”

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