Unity trust bank report and accounts

two business women in a meeting

Investor Relations

Learn how we delivered social purpose, as well as sustainable commercial returns, in 2023

Unity Trust Bank supports like-minded businesses and organisations that want to make a positive difference in local communities.

We were established in 1984 by the Trade Unions and Cooperative Bank to serve the common good, and those founding principles are still at the heart of what we do today.

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Our Story

For nearly 40 years we’ve worked with an array of businesses to change the futures of tens of thousands of people.

Here are the key milestones in our journey to becoming the bank of choice for all socially-minded organisations:

1984

Unity Trust Bank was launched out of a vision by trade unions to serve the common good

1987

Acquired full status as a bank

2012

We committed to a 'double-bottom line' strategy to continue delivering positive social impact alongside sustainable financial returns

2013

Became the first Living Wage accredited bank in the UK

2014

First UK bank to achieve the Fair Tax Mark

2015

Became a fully independent bank and appointed first female CEO

2020

Adopted United Nations’ Sustainable Development Goals (SDGs), signed up to Financing a Just Transition Alliance (FJTA)

2023

Crowned Business of the Year by the Greater Birmingham Chambers of Commerce

Our Impact

In 2023, Unity committed over £260 million to 162 organisations across the UK. As our total loan book surpassed £1 billion, this means Unity was supporting over 1,300 organisations to deliver social impact to their customers and communities.

With a continued commitment to create a better society through safe growth, our end of year results show:

45.3% of new commitments went to organisations delivering services in high deprivation areas across the UK

Over 1,200 people and households were supported with affordable homes

Over 1,450 care home spaces and 572 day care and education spaces were supported for a range of users

Over 7,000 jobs were supported and 21 apprenticeship spaces were provided across a range of sectors