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Scaling up the Sector Social Firms Scotland David Cousland 17 September 2009

Scaling up the Sector Social Firms Scotland David Cousland 17 September 2009. Triodos Bank Group in 2009. Europe’s leading ethical bank Independent, established 1980 4 branches (The Netherlands, UK, Belgium and Spain) Edinburgh office. How does it work?

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Scaling up the Sector Social Firms Scotland David Cousland 17 September 2009

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  1. Scaling up the Sector Social Firms Scotland David Cousland 17 September 2009

  2. Triodos Bank Group in 2009 • Europe’s leading ethical bank • Independent, established 1980 • 4 branches (The Netherlands, UK, Belgium and Spain) • Edinburgh office

  3. How does it work? We have a community of savers who want their money to make a positive difference… …and we only lend to projects that benefit people and the environment. Triodos Bank

  4. Key Sectors • Social enterprise - £65m/33% of UK loans • Renewable energy • Community projects • Food and farming • Fair trade

  5. Sustainable Banking Services • Everyday banking - current accounts, Internet banking • Lending - term loans, working capital loans, overdrafts • Savings - choice of accounts, ethical peace of mind with healthy return • Investment banking - equity, venture capital, Triodos Social Enterprise Fund

  6. Loan terms • Amounts: £20k–£30m • Interest –linked to base rate or fixed rate • Term – up to 25 years • Flexibility- e.g. an interest only period • Fully secured – charge on assets, guarantees

  7. Bank Requirements to agree a loan A Business Plan to cover: • Basic proposal • The market • Key people • Financials • The risks • Security available

  8. Summary • Sustainable banking services • Transparency- consistency of approach • Expertise of the sector • Empathy- shared vision/goals

  9. David CouslandTriodos Bank32 Annandale Street LaneEdinburgh EH7 4LS0131 557 5528david.cousland@triodos.co.uk Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012). Authorised by the Dutch Central Bank (DNB) and regulated by the Financial Services Authority (FSA) for the conduct of UK business. Registered office Brunel House, 11 The Promenade, Bristol BS8 3NN.

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