Patrick Shine
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Big Society Capital 'will help social enterprise'

A new financial institution, set up by the government to finance charities and community groups, has been launched by the government.

Big Society Capital has £600m, of which the majority comes from unused cash in bank accounts that had been dormant for more than 15 years.

The fund will back social enterprises that prove they can repay an investment through the income they generate.

Patrick Shine is executive director at FranchisingWorks, a social enterprise that helps unemployed people to set up their own businesses.

He told the BBC "social enterprise is all about being business-like".

  • 04 Apr 2012