'Assets bank will happen either way'

By Helen Warrell, Third Sector, 23 May 2007

The supporters of a proposed social investment bank funded by money in dormant bank accounts have said they will proceed with plans to set up a bank despite the Government's proposal that the money be distributed through the Big Lottery Fund.

A Treasury report published last week said the fund should administer a scheme to spend dormant funds on a range of services for young people. But members of the Commission on Unclaimed Assets told Third Sector that Gordon Brown had privately endorsed a social investment bank and they hoped both...