The RSA uses cookies on this website. By using this website you are agreeing to our use of cookies. To find out more read our cookie policy and privacy policy. More Info

A Mission-Led Bank for the West of England: Bath

Fellowship Event 2 Comments

 - 

The Bubble, St John's Foundation, Bath

  • Economics and Finance
  • Fellowship

Join us in Bath to discuss the social, economic and environmental case for regional banks and the development of Avon Mutual, a co-operative bank dedicated to the West of England

Establishing regional banks was one of the key recommendations of the RSA’s recent Inclusive Growth Commission, which was designed to find practical ways to make local economies across the UK more economically inclusive and prosperous.

We are now supporting Avon Mutual (which covers Gloucestershire, Wiltshire, Bristol, Bath & North Somerset) as part of a wider movement led by the Community Savings Bank Association to develop a UK-wide network of customer-owned, regional banks. By pursuing a different business model these banks will bring a range of social and economic benefits to the region, including: 

  • Tackling financial exclusion through providing universal access to banking facilities for all citizens

  • Increasing productivity by investing in SMEs, with well informed decisions made by local branch managers

  • Creating new local jobs with Head Offices based in the region rather than in London

Avon Mutual will be an ethical and sustainable alternative to the big banks and will support small local enterprises focussed on issues such as building zero carbon homes and developing sustainable food and farming for the bioregion. This will fill a gap in the UK investment landscape which is well served by community banks across Europe.

This event is being held in partnership with St John's Foundation  and will bring together key stakeholders in Bath who are interested in the development of a mission-led bank that will drive inclusive growth in the region.

Location: The Bubble, St John's Foundation, Bath

Join the discussion

2 Comments

Please login to post a comment or reply

Don't have an account? Click here to register.

Related events