Oral Answers to Questions

Peter Aldous Excerpts

Wednesday 2nd March 2011 Commons Chamber

[Mr Maude]

Of course I understand why the hon. Gentleman is so outraged by the idea of people with party affiliations fulfilling a public service vocation, because of course none of that ever happened under his party’s Government—a Government who, with the hon. Gentleman as one of the principal operators, distinguished themselves by their approach to cronyism.

I can tell the hon. Gentleman that anyone who has been appointed to a civil service role has passed all the appropriate tests, which, as he will know from his experience as a Minister in my Department, are extremely rigorous.

[Peter Aldous (Waveney) (Con)]

4. What progress his Department has made in establishing a big society bank.

[Miss Anne McIntosh (Thirsk and Malton) (Con)]

5. What recent representations he has received on the big society bank; and if he will make a statement.

[The Minister for the Cabinet Office and Paymaster General (Mr Francis Maude)]

Sir Ronald Cohen and Nick O’Donohoe are working with us and with the banks to develop a proposal for the big society bank. As I have said, it will initially be capitalised by an investment from the mainstream banks. We are currently seeking to secure state aid approvals from the European Commission so that money from dormant bank and building society accounts can be directed towards the big society bank. Nothing along those lines had been done when the Government took office. In the meantime, we are working with the Big Lottery Fund to ensure that interim arrangements are in place by April, so that we can make early investments as soon as the first round of dormant bank account money becomes available in the summer.

[Peter Aldous]

Youth clubs such as the Metro, Boston Lodge and Colville House play an important role in my constituency. What guidance and financial assistance will be given to them, and to those operating new voluntary sector schemes whose aim is to take over the running of other local services such as crossing patrols and libraries, and when will that guidance and assistance be available?

[Mr Maude]

As my hon. Friend will know, a key part of our approach to public service reform will be encouraging voluntary and social enterprises to bid for the delivery of public services. They are being given a massive opportunity to develop different revenue streams and deliver public services in a responsive and agile way. The big society bank will deliver extra wholesale funding to the social investment market for start-up and development capital for such organisations. In the meantime, for some organisations the transition fund will provide bridging finance until those revenue streams become available.