Oral Answers to Questions

Baroness Ritchie of Downpatrick Excerpts

Wednesday 13th June 2012 Commons Chamber

[Mr Hurd]

My hon. Friend makes a very good point, which is particularly relevant and valid in small charities week. He is entirely right. Access to capital affects smaller charities more than larger ones, and that is one reason why within two years we have developed and established the world’s first social investment institution, Big Society Capital, which exists to make such capital much easier to access.

[Ms Margaret Ritchie (South Down) (SDLP)]

In measuring the impact of Big Society Capital, will the Minister assure the House that the resource will tackle deprivation in hard-to-reach communities, particularly in Northern Ireland, where there are isolated rural communities and 35 scientifically measured areas of disadvantage?

[Mr Hurd]

I have been to Northern Ireland myself to make the point that Big Society Capital is available to charities and social enterprises there. The honest answer to the hon. Lady’s question is that any outcome depends on the quality of the investment proposition that intermediaries take to Big Society Capital, but we are very keen to engage with charities and social enterprises in Northern Ireland in order to make sure that the measure is as accessible to Northern Ireland as we say we want it to be.