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PRIVACY
Enterprise

Socially conscious bank crowned business of the year

Greater Birmingham Chamber awards top honour to Unity Trust Bank as its annual business awards held last night in the city

Unity Trust Bank, winner of business of the year at the Greater Birmingham Chambers of Commerce Awards 2023, with host Ed James (right)

A socially conscious bank founded nearly four decades ago has been named business of the year.

Unity Trust Bank won the top honour at last night's Greater Birmingham Chambers of Commerce Awards, having earlier been awarded the contribution to community category.

The bank, now headquartered in Brindleyplace in the city, was originally founded by trade unions in 1984 to serve the common good. Judges praised Unity Trust Bank's mission to "create a better society, delivering impact not simply maximising profits".

Last year, the bank recruited seven commercial banking officers for the region and three relationship managers covering north and south Birmingham, the Black Country and Sutton Coldfield, taking the size of its frontline Midlands team to 20 people.

Net lending increased by £63 million to £786 million in the first half of 2022, including an additional 99 borrowers accessing loans through responsible finance providers.

The lending supported 149 jobs, enabled 384 people in safe housing, created or renovated 488 bed spaces, provided 504 day care spaces and 89 community facilities. The bank also unveiled new charity partnerships for 2022/23 with the Prince's Trust and Fareshare.

Deposit clients include the likes of charities, parish councils, care organisations and trade unions and the bank also supports community development financial institution funds.