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Big society capital fund opens for business

Big Society Capital is a new scheme that will focus on community groups and local businesses.

It has been launched by the government and will be funded by the money left unclaimed in dormant bank accounts.

Barclays, Lloyds, HSBC and RBS will provide another £50m each as they all signed up to lend more money to firms as part of Project Merlin.

All the cash will be used to give to loans to social enterprises.

Mark Easton reports.

  • 04 Apr 2012
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