Big Local Means Business

Big Local Means Business

We want to improve the prosperity of our area by putting, or keeping, more money in residents’ pockets and encouraging it to be spent locally.

What we are doing

A ‘Fair Finance’ Project with Eastern Savings and Loans Credit Union.

This project enables people to save and offers a real alternative to loan sharks and pay day lenders who suck money out of the community. Credit Unions are owned by their members and run for community benefit. That is why we are working with them.

As well as regular savings in a credit union current account, there is a variety of services including pay as you go visa debit card, Christmas savings club, Child Benefit savings and loan plan, starter loans, advantage loans and life insurance for as little as £10 a year.

Star People Awards

Grants are available to support businesses that also provide a community benefit (a social enterprise) through our Star Partner at EE Hub and a company called UnLtd. We are keen to encourage more community run enterprises.

How you can get involved

Join the Credit Union

If you have a passport or driving licence you can join on-line or go into the shop at 58 Westgate Street, Ipswich, IP1 4ED and staff will go through the application process with you, or call 0333 6000 690 to ask for an information pack. You pay a one-off joining fee of £4 and an initial £1 savings deposit (£5.00 in total). Anyone over 18 can join as a full member, and there are junior accounts for under-18s. Junior accounts are opened at no charge.

Set up a Junior Savers Club

Junior Savers Clubs are a great way to get youngsters into the habit of saving. They can be run by a group of interested parents and staff at a school. If you are interested in setting one up in your school, send us your details via the contact page.

Become a Community Champion

Help us promote the benefits of credit union membership in the North West Ipswich area, and become part of a ‘quiet revolution in fair finance’. You will receive full training and support and feel confident to tell other people about the benefits of joining a credit union. Spend as much or as little time as you are able. For more information contact us.  

Start a Social Enterprise

If you have a business idea that will also benefit the local community, and you need a grant to try or build the idea, we may be able to help you. Contact Amy Bramwell on 01473 527100 to see if your social enterprise idea qualifies for a grant of £500, £5,000 or £15,000.