Search
  • Jules Peck

June update on successful investment raising

We are very pleased to be able to announce that we have now reached our first investment round target, having successfully raised £280,000 from 18 social investors and foundations from right across our region.


In other news our sister bank in London GLM, who are about a year ahead of us, is progressing well with their £20m investment raising and their bank licensing process, using a very similar business plan to ours.


Having built a fantastic amount of stakeholder support across the region we are now shifting our focus to: market research, marketing and brand; communications and social media; further regional movement building and stakeholder mapping; focusing on the next phases of investment raising; finalising our business plan and starting our bank license application process; search for potential C Suite staff for the bank; recruitment of an interim Bank Board and an Advisory Council.  


We are also delighted that Tony Greenham, Deputy Chair of GLM, ex banker and a world renowned leader in the future of banking, is going to be supporting our effort part-time from June. Tony is also going to shift from his role at RSA to leading the founding of a new sister bank to ours in the SW.  


We are also planning recruitment of part time project management and admin support as all we talking to a number of providers of pro bono and paid consulting support of various kinds.    

8 views

Recent Posts

See All

Exciting update

I’m excited to be able to update you with some positive news on our progress to launching Avon Mutual, the community bank for our region. As you may have seen in this July update we have been making g

Avon Mutual Newsletter

Welcome to our first update of 2020 It’s been a hugely exciting and busy quarter since my last update, with great progress right across the build. Jules Peck, Founder, Avon Mutual Great news on fund r

Our Board

Copyright © 2018 Avon Mutual - All Rights Reserved. Avon Mutual is registered with the FCA under the Co-operative and Community Benefit Societies Act 2014 as a Co-operative Society number 4437