Finance news in brief

Alliance and Leicester Commercial Bank is opening a deposit account for charities and public sector organisations that offers a managed interest rate based on prevailing rates in the money market.

The Money Market Account requires a minimum initial balance of £500,000.

The Prince of Wales has launched an initiative to help UK organisations measure the environmental and social costs of their actions. Accounting for Sustainability, endorsed by the Chartered Institute of Public Finance and Accountancy, will develop guidelines to help organisations consider sustainability in their decision-making processes.

Sayer Vincent, a consultancy that specialises in the voluntary sector, is inviting charities to join a forum that advises members on how to improve their information systems. It consists of four seminars that deal with remote working, knowledge management, information strategies and business processes.

The London Development Agency
is investing £3m in the social enterprise recycling sector through its business support programme, Enhance. The initiative, which received £1.8m of funding in 2005, will be given a further £925,000 in revenue grant and will manage a capital fund of £2m.

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