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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Conservative Ben Bradley admitted his claims were 'wholly untrue and false', and pledged a 'significant' donation to charity.
Turning bitterly cold into next week with freezing temperatures by day and night
It comes as 22 charities signed an open letter vowing to improve safeguarding, and apologising for 'failures' in the sector.