Local Banks for a Local Economy

Local Banks for a Local Economy

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Charter Room, Plymouth Guildhall

Royal Parade



United Kingdom

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Local stakeholder banks are significant players in the banking sector in many countries in Europe, and in the US and Canada. Typically they contribute to a resilient local economy and promote financial inclusion. We think a local stakeholder bank, or banks, for Plymouth, Devon and Cornwall would be a good idea.

With that in mind, we have invited Alex Templeton from the Community Bank of Hampshire to come along and tell us how social entrepreneurs can set about starting up a new local bank.

We'll also hear from Mark Burton of the Bristol Pound, Bristol Credit Union and Plough and Share Credit Union about the potential for credit unions to become a more powerful force for local economic development.

Fiona Brownsell, a banking systems expert and Director of Tusmor consultants, will explain how new community banks can take advantages of new technology in payments systems to be able to take on the big banks.

Tony Greenham from the New Economics Foundation will set the scene by talking about different ways in which communities are rising to the challenge of building financial infrastructure that properly serves the needs of the local economy.

This event is jointly hosted by Transition Cornwall Network, The Devon Forum for Local Economies and Plymouth Social Enterprise Network in association with the South West RSA and the New Economics Foundation. It is for anyone from Cornwall, Devon or Plymouth who would like to find out more about how we can work together to create local banks that support our local economies. The event is supported by an UnLtd Spark award

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."

Buckminster Fuller

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