Big Lottery announces £3.1m from dormant bank accounts invested in ‘big society’ projects

I managed to miss this — and I suspect that with the Christmas break many others will have done so too. Thanks to Ash Mehmood at Birmingham City Counciul for the pointer.

The Big Lottery announced on the 28th December that the Big Society Investment Fund has used the first tranche of cash from dormant bank accounts to invest in three ‘big society’ projects. They are:

  • FranchisingWorks – £1 million to help long-term unemployed people to set up their own franchise business;
  • Triodos Bank –£500,000 to improve educational, training and work outcomes for vulnerable young people in Merseyside through a payment-by-results scheme;
  • Community Generation Fund – £750,000 to help create community owned green energy businesses in deprived communities;
  • The Social Stock Exchange – £850,000 to set up the world’s first stock exchange for social enterprises.

 

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