A government bank which is to focus on providing investments into ethical projects will have a consultation launched today (July 16th).
Announced by the chancellor in his annual Budget report in April, the 12-week consultation will discuss how the body, called the Social Investment Wholesale Bank, will work.
The Cabinet Office has said that the bank will be the first of a "new breed of financial institution" which will look to make investments back into society and environmental funds .
Angela Smith, minister for the Third Sector in the Cabinet Office, added she hopes to see it "ensure that charities, voluntary groups, social enterprises, co-operatives and mutuals grow stronger and are in a better financial position to lead the way in building Britain's future".
British people want to make a profit on equities, but also care about the social, environmental and ethical effects of their investments, according to a recent survey by Friends Provident.
Consultation to be launched for ethical investment bank
Onlineshares Quote Line
0845 108 0505
Consultation to be launched for ethical investment bank
Thu, 16 Jul 2009
Recommended links
Best online shares and investmentsInvestments review form
Find an ethical bank
Ethical investments
Global equities investment fund launched
Investing opportunities remain in Europe
Axa calls on investment advisers to take notes from the recession
| Stocks & Shares news |
|---|
| New chairman at Association of Investment Companies - Thu, 29 Jul 2010 |
| Investment with diversified portfolio recommended - Tue, 27 Jul 2010 |
| New guide to emerging market investments - Thu, 22 Jul 2010 |
| More News |
