Funding news

Cabinet Office releases plans for select committee on sector and Big Society Bank - 17 June

Plans for a new parliamentary select committee covering the voluntary sector, a timetable for the establishment of a Big Society Bank and a fund for the creation of new community groups have been unveiled by the Cabinet Office.

The department yesterday published its structural reform plan, which lays out a number of goals for supporting third sector organisations, including inviting Parliament to create a select committee for civil society, which is expected to be in place by November, subject to parliamentary approval.

The priorities of the report include a vast reduction in public bodies ('quangos'). This will include Independent Grant Administrators. Another listed priority is greater transparency, requiring the full online disclosure of government spending and that ‘public bodies publish all data in an open and standardised format, so that it can be used easily and with minimal cost by third parties’ . The report goes on to outline plans to cut down bureaucracy for charities.

The report also states the planned Big Society Bank, which will provide capital for third sector organisations using money from dormant bank accounts, will start giving out funds by April. The plan also promises that a fund to help set up new community groups, announced by Cabinet secretary Francis Maude last week, will be available by the end of the year.

The date for an annual day to celebrate the work of the voluntary sector will also be announced by September, the plan says.

Further information, visit the third sector website

For the full report click here.