Author Archives: Tim Groves

The Independent View: What is Big Society Capital – big, new or just Big Society nonsense?

By Tim Groves | Wed 3rd August 2011 - 4:23 pm

In its first transaction, the £600m fund has invested £1m in Private Equity Foundation, an organisation helping disadvantaged teenagers find jobs when they leave school; £400m of the fund will be unclaimed assets left dormant in bank accounts for more than 15 years, with the rest coming from HSBC, Lloyds Banking Group, Barclays and Royal Bank of Scotland.

– The Independent, 29/07/2011.

The Indie report then goes on to tell about the first “social impact bond” project, which is an “investment” in measures to reduce re-offending in Peterborough.

So The much vaunted “Big Society Bank” – sorry – …

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Recent Comments

  • Tim
    So glad you are a councillor again. Still miss you here....
  • Chris Webb
    Excellent piece. I really like the "I'm a Liberal because..." idea, and will prod my local association along just those lines....
  • Mick Taylor
    Hi Chris. A brave man to take on a seat on Lambeth. I suspect that the great increase in casework is at least partly caused by the huge cutbacks in Local Govern...
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    @ William Wallace William, what's happened to the party's old policy of partnership and co-ownership ? If I remember correctly, our mutual friend Donald Wad...
  • William Wallace
    Roz: This is exactly what we need to get us all thinking. I would add that we need to rethink our approach to political economy. Liberal democracy is easiest t...