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Risk Capital Fund

Volume 487: debated on Wednesday 28 January 2009

To ask the Chancellor of the Duchy of Lancaster what assessment he has made of the effect on social enterprises of the Risk Capital Fund; and what steps his Department is taking to draw the attention of social enterprises to the fund’s existence. (250879)

The Risk Capital Fund has not yet been launched. The Office of the Third Sector (OTS) is currently in the process of appointing a fund manager or managers for the Fund. The announcement of this appointment will be made in the coming weeks. As a consequence, no assessment of the effect of the Fund on social enterprises can be made.

We have regularly publicised the Fund’s development, including consulting on our proposals, since its announcement in the Social Enterprise Action Plan.