A Community Banking Movement

Greater Manchester Mutual is part of a growing movement of regional community banks across the

Here are some of the other community banks that are at different stages in their development:

Avon Mutual, covering Gloucestershire, Bristol, Bath and NE Somerset and Wiltshire, has raised first stage funding (£600k), including contributions from several local authorities, and has started the application for its banking licence.

South West Mutual, covering Cornwall, Devon, Dorset and Somerset, has completed its first stage fund raising, including from several district, borough and other councils, is recruiting a team and applying for its banking licence.

Greater London Mutual, is moving towards banking licence application. See also this blog.

Banc Cambria is developing a Community Bank of Wales. See their submission to the Senedd Economy, Infrastructure and Skills Committee and the Committee’s October 2019 report Access to Banking. The Welsh Government are supporting the development of a community bank in Wales.

In the North West, several councils are supporting a community bank, including Preston, Liverpool and Wirral.

In the North East, work has started on building support for a community bank for the North of Tyne Combined Authority (Newcastle, North Tyneside and Northumberland). See this report and blog.  

In Scotland, Common Weal is supporting the development of a community bank for Scotland. See their paper published in September 2019.