'Dormant' bank accounts to pay for Big Society

Money
'Unused' money to fund good causes Credit: Reuters

Money from ‘dormant’ bank accounts is being used to help fund David Cameron's Big Society plans.

£600 million is being made available to fund investment in charities and social enterprises with the Prime Minister saying the money will help tackle the country's "deepest social problems".

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Big Society bank launched

A £600 million fund to help finance David Cameron's Big Society agenda has launched. Big Society Capital uses a mixture of money from dormant bank accounts and the main High Street lenders to fund investment in charities and social enterprises.