Money matters: Social Investment Business, Charity Bank and the Co-operative Enterprise Hub

David Ainsworth's round-up of what's happening in the finance world

Social Investment Business wants to develop new financial products to help capitalise third sector organisations, according to chief executive Jonathan Lewis. His organisation, which distributes about £400m of Government funds, is interested in putting some of the money it manages into pilot schemes to help the sector grow.

Social lender Charity Bank is holding an open day and annual general meeting in London on 19 May. It will focus on the future of social investment. Speakers will include specialist charity lawyer Lord Phillips of Sudbury and Caroline Mason, co-founder of social investment consultancy Investing for Good, who has been interim chief operating officer of Charity Bank.

The Co-operative Group last week launched a £5m programme to support the growth of cooperative businesses. The Co-operative Enterprise Hub will support start-up member-owned businesses in the UK over the next three years, providing advice, training and consultancy.

Send your finance news to David.Ainsworth@haymarket.com

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