News  »  Government Consultation of Dormant Asset Fund

Government is consulting on Consultation on the English portion of dormant assets funding - GOV.UK (www.gov.uk)  with a closing date of the 9 October 2022

"The government has launched a consultation to gather views on the broad social or environmental purposes of the English portion of dormant assets funding.

The public consultation follows the passage of the Dormant Assets Act 2022 earlier this year, which expanded the Dormant Assets Scheme into a wider range of sectors. The expansion potentially unlocks around £880 million for good causes across the UK, £738 million of which will be made available for England over time.

In the context of recovery from the COVID-19 pandemic and pressures on the cost of living, the government is inviting input on how the Scheme can deliver the greatest impact in England over the coming years. The consultation will inform what broad social and/or environmental causes should be prescribed in future secondary legislation. It invites specific views on four causes – youth, financial inclusion, social investment, and community wealth funds – and welcomes suggestions for any other social or environmental causes that the government should consider. We are particularly interested in hearing from local communities, current and potential participants, civil society organisations, and any interested individuals."