Labour responds to Big Society Capital launch

Labour’s Shadow Minister for the Cabinet Office responds to the Government’s launch of Big Society Capital:

"Charities need all the support they can get. This announcement is welcome, but it is too little, far too late.

"The Government should not over claim at a time when over 70,000 jobs in the sector have been lost in the last year alone and too many charities are cutting back on the support they provide to individuals and communities as a result of the Tory-led Government's cuts that go too far, too fast."

– Jon Trickett MP

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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.