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Commission backs Government move

A spokesman for the Commission on Unclaimed Assets said the Government's consultation document is in line with its thinking.

The Government has indicated its support for a social investment bank, although its priorities are investment in services for young people, financial capability, and inclusion.

The commission is in favour of the creation of a social investment bank to encourage investment in third sector bodies.

It said a bank would need to be set up with at least 250m and a funding stream of 20m each year for four years.

www.unclaimedassets.org.uk.

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