A new bank for the Southwest gets closer

South West Mutual have now had their Banking licence approved. They are looking to commence operation in 2019. They are holding a range of public meetings across the southwest with the next one at Bridport on Thursday, April 26th. Further information can be found at their website: http://southwestmutual.co.uk/ This is one of several mutual Banks being launched across the UK. Greater London Mutual has now achieved over £10m of investment, and Avon Mutual (which covers Bristol and Bath) has just about achieved their first round funding target It is likely that investor packs for South West Mutual will be going out next month.