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Barclays provides vital boost for credit unions
Published: 1 May 2014
Toynbee Hall is delighted with Barclays' recent announcement of a new, £1m fund for credit unions. The fund will provide vital investment for the sector to aid growth and expansion, and so help more people gain access to crucial affordable credit.
Graham Fisher, Chief Executive of Toynbee Hall said:
Too often people get into financial difficulty and don’t know how to get help, so it’s very encouraging that Barclays is pledging £1m to credit unions. This money will make a huge difference to the most financially vulnerable communities across the UK, enabling them to access the financial support they need. Barclays has a long history of supporting credit unions and its positive to see this continue, we hope other banks will follow in its footsteps.”
Toynbee Hall and Barclays are in discussion regarding the details of how the fund will be managed, including the process and timing for grant applications. Further details will be published in due course and updates will be available via Toynbee Hall’s e-newsletter (sign up here) and Toynbee Hall’s twitter feed @toynbeehall.