UK's "Big Society" Bank Gets 600 Million Staging Capital

The Big Society Bank, a project of the U.K. government, is established to provide financing to the social sector in Great Britain.

From original article:

"The 'Big Society Bank,' established by British Prime Minister David Cameron to help disadvantaged youths back into employment and fund social enterprise, officially launched on Friday with 600 million pounds ($980 million) of capital.

"The Big Society Bank said it would get 400 million pounds from dormant bank accounts and a further 200 million from Britain's "Big Four" banks - Lloyds , Barclays , HSBC and Royal Bank of Scotland."