David Cameron said a new £600 million Big Society fund would be used to help tackle the country's "deepest social problems".
The Prime Minister claimed the money would help "smash away" the "patronising assumption" that small charities cannot do big things.
The initial capital for the fund will be an estimated £400 million in unclaimed cash from bank accounts dormant for more than 15 years and £200 million from Barclays, Lloyds, HSBC and RBS.
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The 35-year-old singer could face up to 30 days in jail if he is charged with breaking election laws in his hometown.
The supermodel was not in the LA property at the time of the incident on October 14, police said.
The UK only managed to rank 20th on the World Economic Forum's (WEF) index of nations - a slide from 9th position in 2006.