Lord Ashcroft appears to be making a takeover bid for the Tory Party;

I have occasionally been a passive investor in businesses, but not so occasionally that I am unable to say with certainty that it is not for me. I much prefer to be involved – to make sure that my investment is wisely placed and, where I can, to help. Similar rules apply in respect to the charities to which I give. I like to be involved. My financial contributions to the Conservative Party could be classified similarly, especially in recent years.

What began as admiration at a distance for the work of Margaret Thatcher has grown over a twenty-year relationship with the Party to a much closer association. During William Hague’s time as leader, I was Treasurer of the Party, and I have recently rejoined the Board. I have learned a great deal and believe I can contribute more effectively.

I am known to be a donor to the Party, and I am proud of that fact. But I would not wish anyone to imagine that my financial support comes, de facto, with strings attached.