With anywhere between £400 million and £4 billion of unclaimed assets sitting in dormant bank accounts in the UK, the Commission on Unclaimed Assets was formed two years ago to to figure out what to do with all that cash. Sir Ronald Cohen, Chairman of the Commission, has called for the launch of a new financial institution that could use the unclaimed money to invest in charitable organizations.
The Independent writes:
The bank would use the dormant-account cash as security against which it
could raise finance to support charitable causes, but savers would
still be free to claim back their money at any time.We could support charitable causes seeking to provide a service with equity, or with debt, or through conventional grants."
The Social Investment Bank would expect to earn a return of around 3
per cent a year on its investments, which might include supporting any
charity in the UK, or organisations that already provide finance to
good causes.
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friends in kenya have good biz deal, but not the owners equity to get a loan from overseas private investment corp. bbc world said you might provide it.
they are locals who wish to process cashewnuts. excellent resumes.
I represent US mkt for them to sell all they produce…with track record!
November 13th, 2007 at 9:34 am