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‘Our Resilient Financial System – Banking for Resilience’ – July 2
July 2, 2020 @ 7:00 pm - 8:30 pm
Where did all the banks go? The British banking industry has become an oligoply of giant banks scanning the globe for profits. Their High Street branches are closing by the dozen. Their lending to local enterprises have dried up. What if we started our own bank that concerned itself with the life and wellbeing of our town and countryside businesses and farms? A local bank would play an important role in strengthening and ‘shock proofing’ our local and regional economies to ensure we have secure livelihoods, fair and accessible housing, and living High Street. There’s lots of potential for positive change, but one of the essential elements to a stable and resilient local economy is a stable and resilient local financial system.
Please join us for the last in this series of talks led by local experts and financial innovators. These talks are open to anyone, but they will be of particular interest to local councillors and officers, local business leaders and progressive entrepreneurs, as well as social innovators and community organisers.
The South West Mutual will become the first chartered bank in this region in a century and will service the needs of the communities of the South West – Cornwall, Devon, Dorset and Somerset. It began it’s regulatory journey a couple of years ago and its almost ready to launch. It has a bold vision to bank for a just transition to an economic system here in this region that will be low carbon and high in wellbeing.
Join Tony Greeham, co-founder of South West Mutual, who will lead this session on how new cooperatively-owned banks can serve local communities, power local enterprises and contribute to a healthy thriving Torbay and region.
Click here to register: https://us02web.zoom.us/meeting/register/tZMkc-itqz0iGtWsrvWdXU0cXiNQIjM5NOqr
Past talks in this series:
June 11th – Local Investing – Jay Tompt and Chris Gunson will launch the series, discussing the importance of building local economic resilience and the role that mobilising our own resources – local investing – can play an important role.
June 18th – Business to Business Mutual Credit – we’ll be joined by Sophie Paterson of LowImpact.org, initiators of a new mutual credit network modeled in the very successful Sardex system, which provides working capital for members by members.
June 25th – BenComs and Community Shares – Andrew Shadrake, Local Spark associate and CoopsUK consultant, will lead this session on how new cooperative models and build local economic resilience.