19 January 2011
Harriett Baldwin questions Ministers on the timetable for setting up the big society bank.
Harriett Baldwin (West Worcestershire) (Con): May I draw your attention to my entry in the Register of Members' Financial Interests, Mr Speaker, and then ask the Minister what the likely timetable will be for local voluntary organisations to access the big society bank?
Mr Letwin: My hon. Friend has a distinguished record in financing voluntary and community groups, and the big society bank will make a difference to that area. The bank is a quite a complicated proposition, and we have to organise it and find the funding for it, but my right hon. Friend the Minister for the Cabinet Office and Paymaster General is at work on that at the moment. Although we hope to be able to progress it at a reasonable rate, I certainly do not want to give my hon. Friend the impression that it will happen overnight, but I anticipate it being up and running in the not too distant future.
| Hansard