Big Society Capital launched

The Prime Minister, David Cameron, has officially launched the £600million social investment wholesaler Big Society Capital. Big Society Capital will invest in organisations that lend money to charities and social enterprises. It is funded with money from unclaimed assets in dormant bank accounts, believed to be worth around £400million over the next four years, and with £200million from four major high-street banks. The organisation has been ready to start lending since the New Year, but has been awaiting approvals from the Financial Services Authority and the Cabinet Office. Some investments have already been made using unclaimed assets money through the Big Lottery Fund. For further information on Big Society Capital visit