Funding offered to community groups

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.

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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.