Parliamentary Search

Proceeding contribution from Baroness Thornton (Labour) in the House of Lords on Monday, 28 June 2010. It occurred during Debate on bill and Committee of the Whole House (HL) on Academies Bill [HL].

Academies Bill [HL]

My Lords, I know that the noble Lord, Lord Phillips, will probably have something to say on this. The noble Lord, Lord Hodgson of Astley Abbotts and I had several happy hours in the Chamber discussing community interest companies and how they should be formed. The noble Lord is correct—it was a matter of some significant discussion at the time that a community interest company could not be a charity. However, a main feature of a community interest company is the asset lock. That is why it is such a valuable company form for social enterprises. I am not sure how that could be applied as an alternative form to a charity. This is a complex issue, and I am sure that the noble Lord, Lord Phillips of Sudbury, is about to make it even more complicated, because I know that he has very firm views on this, but I cannot see how the asset lock would work here.

Secondary information

Type
Proceeding contribution
Reference
719 c1636 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Education Disability Bullying Admissions Curriculum Charities Community interest companies Buildings Design Ancillary staff Classroom assistants Hearing impairment Equality Freedom of information Governing bodies Grammar schools Inspections Faith schools Food Local government Qualifications Parents Pre-school education Pupil exclusions Pay Property transfer Public bodies Nutrition Monitoring Primary education Standards Safety Personal, social, health and economic education Registration Schools Teachers Special educational needs Secondary education Free schools Academies Ofsted
Legislation
Academies Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk