Unity Trust Bank has launched a new £50 million Social Economy Fund to provide loan finance for the VCS, social enterprises and other ‘social purpose bodies’.

Unity Trust’s head of marketing and communications Adrian Oldman said: “We have noted an increased demand for access to this type of borrowing over the last year and have formed the fund to ensure that the requirements of our new and existing third sector clients are met.”

For more on the fund contact the bank’s charities manager, Mark Davies, at mark.davies@unitygroup.co.uk