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Co-operative Bank reaffirms commitment to female entrepreneurship, by becoming a signatory to treasury's 'Investing in Women Code'

16 July 2019

  • The Investing in Women Code is a commitment by major financial firms to support female entrepreneurship in the UK by improving female entrepreneurs’ access to tools, resources and finance.

The Co-operative Bank have today become one of the founding signatories to the Investing in Women Code, a commitment to support and increase the number of female entrepreneurs in the UK, through the provision of advice, tools and financial resources.

Donald Kerr, Managing Director, SME Banking at The Co-operative Bank, comments: “The Co-operative Bank wholeheartedly supports the aims of the Investing in Women Code, and is proud to be a founding signatory to this initiative to support the role of women in business.

“The provision of equal opportunities and inclusion are vital elements of our Values and Ethics, and today’s announcement is an important step in the financial industry’s backing of female entrepreneurs.

“Ensuring that everyone has equal opportunity to pursue the successful development of their business, regardless of gender, is a vital process in supporting the growth of a diverse, innovative and strong UK economy.

“We look forward to working with the wider industry to continue to implement the aims of the Investing in Women Code, and improve the position of female entrepreneurs, in line with the values that are at the heart of our long-established ethical policy.”

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Media enquiries:

Ed Hooper, Lansons: +44 (0) 207 294 3610 / 07783387713
Nicki Parry, The Co-operative Bank: +44 (0)161 201 1590 / 07734 002 983

About The Co-operative Bank

The Co-operative Bank plc provides a full range of banking products and services to around four million retail and SME (Small and Medium Sized Enterprises) customers and is committed to values and ethics in line with the principles of the co-operative movement. The Co-operative Bank is the only high street bank with a customer-led ethical policy which gives customers a say in how their money is used. Launched in 1992, the Policy has been updated on five occasions, with new commitments added in January 2015 to cover how the Bank operates its business, products and services, workplace and culture, relationships with suppliers and other stakeholders and campaigning.

Their award-winning Business Directplus Current Account was rated Five Stars by Moneyfacts in 2018 and offers 18 months of free banking to eligible customers including many charities.

The Bank already offers a free business banking account for registered charities, co-operatives and credit unions - its Community Directplus Account - providing them with an ethical way to bank for free. Community Directplus account holders have the opportunity to apply for funding through its unique Customer Donation Fund, which allocates at least £5,000 a year to deserving organisations. Community Directplus customers can apply for up to £1,000 of project funding from our Customer Donation Fund, with the winners chosen by a panel of colleagues from across the Bank. In 2017, the Bank donated more than £69,000 to 78 community organisations through the fund and in 2018 gave over £40,900 to 44 organisations to support their community projects.

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