Modern Slavery Act Statement

Shawbrook Bank Limited, part of the Shawbrook Group, is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. We have published here our annual statement of slavery and human trafficking, made in compliance with section 54 of the Modern Slavery Act 2015, in which we explain the steps we are taking in the fight against it. This statement is intended to fulfil the legal requirement for a slavery and human trafficking statement on behalf of all companies within our group.

Shawbrook Group is headquartered in the United Kingdom. We employ over 700 staff in five principal locations and a number of smaller offices throughout the UK. As at 31 December 2017 our total lending reached more than £4.8 billion and we have now raised more than £4.43 billion in deposits since our launch.

This past financial year ending 31 December 2017, we took the following steps to ensure slavery and human trafficking did not occur within our organisation or supply chain by:

  1. Identifying and Addressing Risks: the Group has updated its processes for evaluating prospective suppliers and reviewing existing suppliers to understand its suppliers’ self-assessment of slavery and human trafficking issues;
  2. Developing Policy: we have and continue to update our compliance policies to include consideration of slavery and human trafficking issues (as applicable);
    and
  3. Training: we have made available training to those of our staff who deal most with our suppliers. We also have an intranet resources page which our staff will be able to access to learn about modern slavery and human trafficking.

Steve Pateman
7 March 2018