Big Society Capital
The Prime Minister, David Cameron, has launched a £600 million fund to finance grassroots social projects run by charities and community groups.
£400 million from dormant bank accounts will be used to finance the scheme, with the remaining £200 million coming from Britain’s four largest high street banks - HSBC, RBS, Barclays and Lloyds.
So far, the fund has agreed investments worth £3.6 million in five schemes. These include the Community Generation Fund, which supports the development of renewable energy infrastructure, and Franchising Works, which trains unemployed people to run a franchise business.