The British government is planning to spend $1 billion over the next five years to help some of the country's poorest people out of poverty, the Telegraph reports.
The so-called " Dormant Assets Bill," which will create a fund to invest private assets that have gone dormant, is expected to be passed by Parliament this week.
"Through rigorous processes that protect asset owners, this distributes genuinely dormant private assets to common good initiatives that have a positive social and environmental impact," writes Nick Hurd, Britain's minister for civil society and head of the Foundation for Social Investment.
"This money is a real asset in any serious long term plan to 'level up' and reshape the map of opportunity in the UK," he adds, noting that the government has "learned so much about how to get money to the places and communities that so desperately need it."
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UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.