Money Matters: A new fund for disused buildings; electronic transactions up; and a second social stock exchange

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

  • The first item below was corrected on November 26. The Advancing Assets programme is not a fund: it offers strategic support.

A fund that helps charities work with local government to take over disused public sector buildings is open for expressions of interest. The Advancing Assets for Communities Programme, funded by the Communities and Local Government department and delivered by a consortium led by the Development Trusts Association, will support about 30 partnerships each year.

CAF Bank, the not-for-profit bank run by the Charities Aid Foundation, has seen a rise in the number of charities making transactions electronically. Of the transactions it carried out in October, 35,000 were online - approximately a third of the total. In 2008, about a quarter of transactions were electronic.

The world's second social stock exchange has opened in Portugal. The project, launched by Dianova, a network of not-for-profit organisations that provide education and development programmes, will allow investors to trade shares in social enterprises. The first social stock exchange was launched last year in Brazil. A similar project is under way in the UK.

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