William Eichler 12 January 2017

Council to spend £30m on acquiring stake in new bank

Warrington council is to spend £30m on buying a 33% stake in a new bank in order to lend more to small businesses.

In 2013, a Supporting the Local Economy Policy Committee looked into the availability of funds in Warrington for small- and medium-sized businesses.

The committee recommended the council look into setting up a bank to help meet the needs of these local businesses.

The borough council will invest in a new Challenger business bank that hopes to gain a banking licence from the Bank of England in the first quarter of 2017.

This will be a joint venture bank - known as Redwood Bank - between the council and the owners of an established bank, an unnamed ‘major city financier’. If it is granted a banking licence, Redwood will be launched in August.

SIGN UP
For your free daily news bulletin
Highways jobs

Maintenance Engineer - Traffic Signals

Telent
Competitive
Reporting to the Maintenance Manager this is a great opportunity to be part of a successful and performing maintenance team, maintaining the Traffic Signals, across London. Carrying out both reactive and planned maintenance on traffic signals. England, London
Recuriter: Telent

Project Support Officer - 12 month Fixed Term Contract

Essex County Council
£26590 - £31283 per annum + +26 Days Leave & Defined Benefit Pension
Project Support OfficerFixed Term, Full TimeUp to £31,283 per annumLocation
Recuriter: Essex County Council

Part Time Pre-School / Nursery Assistant (term time only)

Essex County Council
Up to £23344 per annum + Pro Rata
Part Time Pre-School / Nursery Assistant (term time only)Permanent, Part Time£23,344 per annum, pro rata - equal to £12.10 per hourLocation
Recuriter: Essex County Council

Principal Planning Liaison Officer

Somerset Council
£39,186 to £43,421 per annum
Working in Somerset provides the opportunity to help improve lives of the people that live here Taunton, Somerset
Recuriter: Somerset Council

Community Health and Wellbeing Connector

Wakefield Council
£36,648.00 - £39,186.00, Grade 9, 37 hours, Temporary
You will work collaboratively with a range of VCSE and public sector services Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.