# Commission on Unclaimed Assets seeks feedback from charity sector

- Link: https://fundraising.co.uk/2006/11/30/commission-unclaimed-assets-seeks-feedback-charity-sector/
- Published: 2006-11-30T00:00:00+00:00
- Author: Howard Lake

The Commission on Unclaimed Assets is asking the voluntary and community sectors
to tell it what their investment and support needs are as it makes progress towards
some kind of Social Investment Bank.
The Commission reports that it is “increasingly
confident” that it will be able to set up a Social Investment Bank to act as a “
wholesaler of capital for the third sector, able to work with and through a wide
variety of intermediaries and offer the full spectrum of investment, including grants,
quasi equity, lease financing, loans, equity as well as forms of support”. It hopes
to be able to invest “several hundred million pounds” in the voluntary and community
sector.

At this stage though it needs to ensure that it understands the sectors’ investment
and support needs. This, it argues, will help it in its efforts to fight off rival
claims to the unclaimed assets such as using it to pay off the pensions gap, but
also to make sure it gets it right if it does secure the right to use the unclaimed
assets.

The deadline for responses is 11 December 2006.

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