Money matters

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

Community finance has been backed to play a bigger part in the Welsh economy by members of all four political parties in the Welsh Assembly at an event hosted by infrastructure body Cooperatives and Mutuals Wales. "The idea to form an all-party group on cooperatives was enthusiastically promoted by assembly members," said event host David Melding, Welsh shadow minister for economic development.

A new institute to support social enterprise has been set up by SCA, a Southampton-based not-for-profit business. The Social Enterprise Institute, based in Lyndhurst, Hampshire, will offer research, consultancy, seminars and conferences. It will also offer training.

The boards of primary care trusts lack knowledge of social enterprise, a survey by public services law firm TPP Law has found. The company asked 24 PCTs about the 'right to request', which allows medical professionals to set up their own health service businesses. It found that board members were often uncertain about pensions and many did not have the skills to judge right-to-request applications.

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