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Bank Services: Public Consultation

Volume 497: debated on Tuesday 13 October 2009

To ask the Minister for the Cabinet Office what timetable she has set for consultation on a social investment bank. (287346)

The Social Investment Wholesale Bank consultation, announced in Budget 2009, was launched on Wednesday 15 July. The consultation set out the vision, the economic case, and consulted on proposals for the design and functions of a potential bank. The consultation ran for a 12-week period and ended on 7 October in compliance with the Compact. This consultation will now inform substantive proposals to be developed by the Office of the Third Sector.