Charities and community groups are being offered a new way to get funding.
£600million is being made available as part of the Government's ‘Big Society’ agenda.
The new 'bank' will hand money to groups that can prove they can generate enough income to repay the investment.
More top news
Sadiq Khan has said that his prospects of being elected London mayor could be damaged by the party's poor handling of racism accusations.
US President talks about meeting Royal toddler in his last address at the annual White House correspondents' dinner.
Clocks will go forward 30 minutes so there is half an hour more daylight in the evening when energy consumption peaks.