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Charity Bank eyes growth after £14.5m social investment from Big Society Capital



Social investment bank Big Society Capital has announced it will invest up to £14.5m of ordinary shares in the social purpose bank Charity Bank, helping the organisation expand its reach and achieve its long-term goals.

The announcement represents Big Society Capital’s largest ever single investment. The investment will be made in three successive tranches between 2014 and 2016 – the first of which, a £4.5m investment, has already been made.

Charity Bank uses the savings deposited by individuals to lend to enterprises and organisations that have a social purpose. Over the last 11 years, it has arranged over 1,100 loans to charities and social enterprises. Charity Bank estimated in 2012 that 66% of the projects funded would not have happened without its support.

Research from the bank, published in September last year, demonstrates that there is a need for alternative finance in the sector. Almost two-thirds of survey respondents said that loans could help charities further their missions. However, less than a third of those who approach high street banks for a loan ended up taking one.

George Blunden, Charity Bank’s chairman, commented, “There are a large number of charities, social enterprises and other social sector organisations that are creditworthy but who cannot secure finance from traditional sources. As government funding remains constrained, social sector organisations must change and adapt.

“Many are seeking to expand their activities and diversify their income streams. In this environment loan finance can play a vital role. So the need for borrowing on a sound basis will continue to increase.”

Big Society Capital’s investment is a step towards Charity Bank’s goal to increase the amount it lends to charities from its current level of around £55m to around £250m by December 2018. Patrick Crawford, its chief executive, explained that the organisation had seen a significant pick-up in enquires from potential borrowers and the new investment removed capital constraints.

In order to meet its target, the organisation will ensure that everyone in the sector knows its capacity to lend has increased. In addition, it has reopened its ISAs and savings accounts to new depositors.

Crawford said, “I think that savers benefit from the awareness of where their savings or deposits are going. We only lend to those with a charitable purpose so they know exactly where their money is going. We publish details of every loan we make, expect in very rare cases.

“We also invite depositors to go on our open journey days, when those that are interested can come and visit two or three charities, so they can see for themselves what their money is doing.”

Headlines around high street banks being involved in mis-selling to consumers have led to many considering the alternatives available to them. Coupled with the rising trend of socially conscious investors, the ethical finance sector is expected to continue growing and take a more prominent role within the market.

Crawford added, “We are seeing the movement towards ethical buying in consumer goods applying also to buying services and financial products and we hope to be a beneficiary of that and stimulate the interest in where savers money is being deployed and to what end it is being used.”

Further reading:

Charity Bank: a social purpose alternative to the high street

Charitable sector ‘emerging from recession’, says Charity Bank

Charity Bank to show customers the ‘journey’ of their money

Government sets out social enterprise support in Social Investment Roadmap

Investors to be given opportunity to invest in Big Society


Responsible Energy Investments Could Solve Retirement Funding Crisis




Energy Investments
Shutterstock / By Sergey Nivens |

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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How to make a sustainable living out of Forex Trading?




sustainable forex trading
Shutterstock Licensed Photo - By Robert Kneschke |

There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.

In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.

1. Limit your risk ceiling

When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.

2. Learn about leverage ratio and account type

When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.

3. Start small

While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.

4. Learn to control emotions

A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.

5. Automate your processes

I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.

6. Keep it simple.

Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.


I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.

Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.

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