Bank of England

The Bank of England is the central bank of the United Kingdom.

Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997.

The Bank's roles and functions have evolved and changed over its three-hundred year history.   Since its foundation, it has been the Government's banker and, since the late 18th century, it has been banker to the banking system more generally - the 'bankers' bank'.  As well as providing banking services to its customers, the Bank of England manages the UK's foreign exchange and gold reserves.  The Bank has two core purposes - monetary stability and financial stability.   

Community
The Bank of England has a long history of community involvement in local, regional and national initiatives. Supporting the voluntary sector continues to be an important part of its culture.

The Bank's current approach focuses on supporting staff community involvement, both individually and through programmes promoted by the Bank itself.  It recognises the value of involvement in the voluntary sector and education business links, and works closely with a number of partner organisations.   As well as working with Business in the Community, the Bank works in partnership with the Charities Aid Foundation and is a member of Volunteering England