Creation of the "big society bank for" for social entrepreneurs"

Published on by rothschild

An interesting initiative found on philanthropy.com

British ‘Big Society Bank’ to Offer Charity Payments in April 2011

Britain's proposed Big Society Bank will begin offering payments to nonprofit organizations by next April, Third Sector Online writes, citing plans issued Monday by the coalition government.

The prospective bank will provide capital to charities and social enterprises using money from dormant private bank accounts.

The British Cabinet Office also unveiled plans for a new fund to aid local organizations, to be established by the end of the year, and a task force to study and reduce regulatory burdens on British charities.

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