Commission on Unclaimed Assets seeks feedback from charity sector
Howard Lake | 30 November 2006 | News
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.
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The deadline for responses is 11 December 2006.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.