Winchester City Council could be about to go into banking in support of local businesses.

The Council is considering financial support of £250,000 to become a founding member of the Hampshire Community Bank along with other local authorities.

Winchester has signalled its interest in contributing to the £14m equity needed to set up the bank if certain conditions are met.

The Hampshire Community Bank (HCB) would be a not-for-profit operation focusing on Hampshire. In time it would provide a full range of banking services to individuals, businesses and social enterprises living, working or operating in the county. The overall aim of the bank is to help secure a strong and sustainable local economy.

To find out more follow the link below to Winchester County Council's press release.

Banking on the Council