Conservative and Liberal Democrat peers are planning an amendment to the Government’s bill on the use of dormant assets that would see funding divided equally between the proposed Social Investment Bank, which would fund voluntary groups, and the funding of youth facilities. As the bill stands, youth services are listed as the first recipient of the estimated £350m of unclaimed funds from banks and building societies. Financial inclusion projects are second and the “social investment wholesaler” is third in line.

Weblink

23 January 2008
© Helen Warrell, Third Sector