Iain Duncan Smith is expected to announce the formation of an early intervention foundation intended to encourage the City and local authorities to invest up to £10 billion in projects designed to prevent social breakdown.
It follows the recommendations of Labour MP and long-time campaigner Graham Allen who carried out a review of early intervention for the coalition.
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The Tory peer and former Marks & Spencer chief has been named as chairman of the 'In Campaign'.
Delicately worded memo by then press chief from 1985 is among cache of newly released documents from former PM's private files.
Cloud and showery rain may linger across the far northwest throughout Saturday.