15/06/2010 – Cabinet Office releases plans for select committee on sector and Big Society Bank
The Cabinet have revealed their plans for structural reform, laying out a number of goals for supporting third sector organisations, which include inviting Parliament to create a select committee for civil society. This is subject to parliamentary approval and expected to be in place by November.
The Cabinet also stated that by April the planned Big Society Bank will start giving out funds. This will provide capital for third sector organisations using money from dormant bank accounts.
The plan promises that a fund to help set up new community groups will be available by the end of the year.
Other promises include a taskforce to investigate and reduce regulatory burdens on charities and an examination of incentives to encourage social investment.
A date for an annual day to celebrate the work of the voluntary sector will also be announced by September.