07/26/2013 05:06 pm ET Updated Jul 30, 2013

Banks And Social Enterprise


Last week, the Cooperative Bank launched the Social Enterprise Directplus account. It's specifically for community interest companies (CICs) set up with social or environmental value as their primary goal and offers a number of free banking facilities.

The Cooperative Bank said Social Enterprise UK's State of the Sector report 2013 showed how social enterprises were finding their space in the economy, with more experiencing an increase in turnover compared to mainstream SMEs and more seeking finance in the past 12 months.

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