The Social Value Bill has edged closer to becoming law, after passing its second reading in the House of Lords.

The Inspiring Impact Group, a coalition of voluntary sector bodies seeking to provide collective leadership on measuring impact over the next 10 years, is considering encouraging funders to allocate at least 5 per cent of funding to evaluation and measurement.

Phillip Blond, director of ResPublica, has said the absence of a Big Society minister has hampered the Big Society agenda, as such a "big idea needs a personality behind it".

The Charity Commission has published an inquiry report into the Needy Children International Foundation, which was forced to wind up last year, after Vince Cable called a trial requesting the High Court to close the charity as a result of the Commission’s investigation.