When a company take social entrepreneurs as seriously as Bank of Scotland, you can be sure that the services they offer not-for-profit businesses in the UK will be market leaders in the field. You can also be sure that the Bank of Scotland team responsible for providing these services are totally dedicated to the sector.

The not-for-profit team at Bank of Scotland is headed up by area director Ian Buss. With many years of experience in the sector, Buss has long understood that not-for-profit companies and charities need to work with specialist staff that understand their individual needs.

“We created the team at Bank of Scotland that deals purely with the not-for-profit sector because we wanted to offer something different from our competitors. The results of us doing this are plain to see. From the feedback we have received from the team and our customers, we are able to offer some incredibly innovative products that are specific to the sector,” he says.

One exciting new product recently launched by Bank of Scotland that underlines their dedication to the not-for-profit sector is the Interest First Account. Visit www.notforprofitbanking.co.uk for further information on the full range of Bank of Scotland Corporate products.

The Interest First Account has proved to be extremely popular with Bank of Scotland’s not-for-profit customers and was developed after meticulous market research had been carried out with clients to discover what kind of changes they would like to see made to various products and services. Buss is delighted at the impact the account has made since its inception.

“The beauty of the Interest First Account is that it pays the interest upfront. This helps our clients on so many different levels. It can help with their cash flow, allow them to purchase assets from day one or just reinvest their interest immediately. No other banks are offering anything like this account,” he says.

The charity County Air Ambulance are one of Bank of Scotland’s not-for-profit clients and are impressed with the service they have received. Their administrator Arthur Worthington said: “We are not the sort of organisation that leaps from one bank to another. The fact we ended up investing with them is indicative of the quality of response we got.”

To reinforce their commitment to the not-for-profit sector Bank of Scotland Corporate have also launched the £6m Social Entrepreneur Awards. Two awards are on offer to the winners – £5 million of interest free funding or a donation of £500,000, and £1 million of interest free funding or a donation of £100,000. The awards are open to any not-for-profit organisation. To find out the full terms and conditions and to apply online go to www.bossocialawards.co.uk