They believe having a financial stake in a place helps to strengthen the community bonds.
Finance Archives - NewStart
Buying the shopping centre is part of the council’s ‘Invest to Earn’ strategy.
The UK’s national debt currently stands at £1.7tn, and the fund has never grown above 0.066% of the national debt and has therefore been stuck in a legal limbo.
The government say the fund will frame the ‘reciprocal relationship between Government and business and drive public investment with a social purpose.’
‘The monetary system must function in a more socially and ecologically responsible way.’
‘A decade of austerity has left the financial model which underpins culture in British cities creaking at the seams.’
‘We need to secure the creative strengths of our great cities by finding fresh ways of doing things.’
UK has a rare opportunity to ‘create a truly world-leading successor’.
It will offer financial support for more than 600 businesses, creating about 3,500 jobs over the life of the fund.
‘We all know that trust in economic institutions is low – but this isn’t inevitable.’
Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?