Funding the dream: The government’s plan to make Britain a leader in social investment
THE Big Society was once David Cameron’s warmest and fuzziest idea—that community spirit can solve social problems better than the state. Ministers rarely mention it now. Yet in early April the slogan is being backed with cold, hard cash, via the launch of Big Society Capital (BSC), a social investment bank that will eventually be capitalised with about £600m ($955m), two-thirds of it harvested from dormant bank accounts and the rest injected by the four biggest high-street banks. More…
