South West Mutual Limited

South West Mutual is seeking a banking licence for a new kind of bank. One that is owned by its members and so always puts their interests first. Our mutual structure and ethical principles are designed to build and maintain trust between the bank and its members. We will not engage in financial speculation, or pay huge bonuses to staff for selling financial products. Financial inclusion is part of our mission, and we seek to make a positive social and environmental impact.

We think that smaller businesses, and social, community and charitable enterprises are often at the bottom of the to-do list at large national banks. These enterprises are the backbone of the economy, and the focus of our attention. From high street heroes to digital innovators, we want to be the bank of choice for local businesses. From the branch to the boardroom, we are passionate about the south-west, and our purpose is to support inclusive and sustainable prosperity across the region.