£10million to kick start Big Society public services
A £10million fund is being made available to charities and social enterprises to help them develop the skills and infrastructure to win more capital investment and public service contracts Nick Hurd, Minister for Civil Society, announced on 25 July.
The Investment and Contract Readiness Fund is one of the latest in a number of actions paving the way for charities, social enterprises and other civil society organisations to play a bigger role in public service delivery. The Minister outlined plans in an open letter to the sector (273kB, PDF).
As well as new opportunities to earn income from public service contracts, civil society organisations will soon have more access to capital investment when the Big Society Bank opens for business.