William Eichler 13 September 2019

Councils consider launch of new regional community bank

Liverpool City Council is working with Wirral and Preston councils to help drive forward a plan to create an ‘ethical, council-led’ regional community bank.

The Community Savings Bank Association, which is registered with the Financial Conduct Authority, is seeking to develop 19 regional community banking models across the UK.

These would cater to the financial needs of people with ordinary means, local community groups and small and medium sized companies, and could help redress regional inequalities.

Today, Liverpool CC’s cabinet will consider a report which recommends due diligence begins on the establishment of the new bank, which would serve Cumbria, Lancashire and Merseyside.

If the business case for the bank is proven, an expert will be recruited to lead it and recruit board members. Social investors and regional anchor institutions would then have to be found to invest £20m of the share capital required.

‘The banking system is failing the poorest people in our city and the public sector has a duty to step in and address this inequality which is hurting those who can afford it least,’ said the mayor of Liverpool Joe Anderson.

‘We know that some individuals and businesses are excluded from obtaining a basic level of service and that those that can have been impacted by branch closures and charges for using ATMs.

‘It is vital people already hit by welfare reforms have the freedom to pay for goods and services however they choose, and access to cash must be maintained for those that need it.

‘There is a real opportunity here to provide mortgages for people who would not normally be able to get on the housing ladder, and create a market which provides opportunities for everyone.’

SIGN UP
For your free daily news bulletin
Highways jobs

Rehabilitation Officer Vision Impairment

London Borough of Richmond upon Thames and London Borough of Wandsworth
£38,976 - £52,767
Rehabilitation Officer Vision Impairmen... Twickenham, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Residential Worker

Wakefield Council
£32,061.00 to £34,434.00, Grade 7.
We are looking for a Full-Time Children's Residential Worker to join our team at Clarence Children's Home in Wakefield Wakefield, West Yorkshire
Recuriter: Wakefield Council

Community Development Officer

The Royal Borough of Windsor & Maidenhead
£32,962 - £36,791 per annum
We have an exciting opportunity for a Community Development Officer to join us! Maidenhead, Berkshire / Multiple
Recuriter: The Royal Borough of Windsor & Maidenhead

Telecare Responder

Durham County Council
Grade 6 £28,142 to £31,022 per annum
Could you respond to emergency calls, gain access and administer first aid if necessary? Could you assist in the provision of an equitable Countywide Durham
Recuriter: Durham County Council

Social Worker - Assessment & Intervention, Mid Team

Essex County Council
£34902.0000 - £50081.0000 per annum
Social Worker - Assessment & Intervention, Mid TeamPermanent, Full Time£34,902 to £50,081 per annum Location
Recuriter: Essex County Council
Linkedin Banner