This is not a new idea. This is a very old idea. This is a good idea, updated for today’s world and learning from yesterday’s mistakes. We want to create a UK-wide network of customer-owned, regional banks to serve the every day financial needs of ordinary people, local community groups, and small and medium sized companies.
Regional Anchor institutions, committed to inclusive growth and recycling local savings to make local loans - creating and storing wealth in each region, held in trust for the benefit of the current members and those that come after them.
What we had, lost and now want to rebuild
If you'd like a different sort of Bank, one that's owned by its customer, where all are welcome, which turns local saving into local loans and only does business it understands with people it knows, please let us know.
To make setting up a Local Bank simpler & lower cost we've got everything ready.