There are over one million small and medium sized businesses in London – many unable to access the crucial finance they need to grow.
The 2008 financial crisis has eroded trust in our banks, with most people no longer believing that their bank works in their best interest. Something needs to change.
At this event, find out more about Greater London Mutual (GLM) - a radically different kind of bank that will be owned by its members and serve all Londoners regardless of their financial means.
About Greater London Mutual
By recycling local savings to create local loans, GLM will support small businesses grow across the capital, building and storing community wealth.
The RSA's Inclusive Growth Commission found that community banks like GLM are essential for realising inclusive growth, driving regional prosperity and investment in SMEs and our recent Cashing Out report report highlighted the extent to which both people and businesses still rely on cash and physical bank branches in an increasingly digital age.
GLM is part of an emerging Fellow-led network of regional banks supported by the RSA. This movement is gathering momentum and has created an exciting opportunity to alter the landscape of UK banking. There are a range of ways you can get involved and support this work and we invite our Fellows to support us ensure this bold vision becomes a reality.
If you have any further questions about this event or the RSA’s work on community banking and inclusive finance, please do not hesitate to get in touch with the RSA Engagement team.