Brian H. Donohoe
Main Page: Brian H. Donohoe (Labour - Central Ayrshire)Department Debates - View all Brian H. Donohoe's debates with the Cabinet Office
(13 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hurd
The intention is for the bank to be as independent and unbureaucratic as possible. It will be a wholesaler, not a retailer, so it will support intermediaries that are growing the market for social investment. If it invests in social enterprises in Salisbury, it will do so through intermediaries that have structured financial products, such as social impact or community bonds that connect private capital with the opportunity for good, and for social impact.
Mr Brian H. Donohoe (Central Ayrshire) (Lab)
Has the Minister had any discussions with credit unions? The big idea of a bank is very similar to what already exists. Why reinvent the wheel?