Brind.
  1. Bev Craig is confirmed as Mayor of Greater Manchester, appointing Kate Green as Deputy Mayor and engaging with Salford's Paul Dennett.
  2. The administration has launched a £20m high streets fund specifically for the Greater Manchester region.

Greater Manchester explores community banking to revive high streets

1 report, 1 independent Updated Sep 23
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Greater Manchester Mayor pledged to restore banks to high streets as part of efforts to address declining town centers and the cost of living crisis. The Greater Manchester Combined Authority is collaborating with Manchester Building Society to explore turning public spaces, such as libraries and Post Offices, into community banking sites. This initiative aims to combat the growing number of towns lacking in-person services, especially in the North West, which was classified as the worst-affected area for bank closures.

From oldham-chronicle.co.uk

Why it matters

Some supportBrind's analysis of the reports

Bank closures across the UK have been linked to exacerbating financial exclusion for vulnerable groups and negatively impacting small businesses and the decline of high streets. The partnership seeks to mitigate these effects by expanding community banking access within the region, with Manchester Building Society covering its own operational costs.

The administration has launched a £20m high streets fund specifically for the Greater Manchester region.

From oldham-chronicle.co.uk

Who's involved

  • Greater ManchesterLeading the high street revival initiative in the metropolitan county.
  • Manchester Building SocietyPartnering with the Greater Manchester Combined Authority to expand community banking services.
  • Bev CraigGreater Manchester Mayor who pledged to bring banks back to high streets.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Greater ManchesterSpeculative

    Greater Manchester could see increased investment or improved small business stability as the high street revival progresses.

  • Manchester Building SocietySpeculative

    Manchester Building Society could see changes in community outreach funding as it expands services into public spaces.

Keep exploring

Part of

The administration has launched a £20m high streets fund specifically for the Greater Manchester region. All 2 developments

Within Bev Craig is confirmed as Mayor of Greater Manchester, appointing Kate Green as Deputy Mayor and engaging with Salford's Paul Dennett.

The entities involved

Coverage

Newest first; wire copies grouped