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
Irish police have seized £32 million worth of cannabis hidden in farm machinery on board a ship docking in Dublin.
Revellers reportedly jumped from the upper level of the lakeside venue to escape the flames.
A bomb blast reportedly struck a refugee camp in Syria near the border with Jordan causing injuries and deaths.