Asked by: Danny Kruger (Conservative - East Wiltshire)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, if he will publish a timetable for (a) implementing the expanded dormant assets scheme and (b) funding for good causes derived from the new classes of dormant assets becoming available.
Answered by Matt Warman
The Dormant Assets Scheme is led by industry and backed by the government with the aim of reuniting people with their financial assets. Where this is not possible, this money supports important social and environmental initiatives across the UK.
As a voluntary Scheme, industry stakeholders have been at the forefront of efforts to bring assets from the insurance and pensions, investment and wealth management, and securities sectors into scope. This includes leading work to estimate the value of dormancy currently in each sector and using their experience and understanding of reunification processes to inform their estimates of how much could be reunited with their owners successfully. The following table sets out these estimates, broken down by sector:
Sector | Dormant assets | Could be reunited with owners |
Insurance and pensions | £2.1bn | £1.17bn |
Investment and wealth management | £1.4bn | £781m |
Securities | £158m | £48m |
TOTAL | £3.7bn | £2bn |
Scheme expansion requires primary legislation, which will be introduced when parliamentary time allows. Once legislation has achieved Royal Assent, the speed at which it can be implemented and new funds will become available is dependent on regulator and industry readiness, as well as their voluntary participation in the Scheme. We anticipate that the estimated £880 million to be unlocked through the expansion of the Scheme will take several years to be released, based on the rate that industry participants transfer new assets.
Asked by: Danny Kruger (Conservative - East Wiltshire)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, with reference to page 25 of the Government's response to the consultation on expanding the Dormant Asset Scheme, if he will publish the methodology used to calculate that 54 per cent of dormant assets in the (a) insurance and pensions, (b) investment and wealth management and (c) securities sectors could be reclaimed by their owners as a result of enhanced tracing, verification and reunification efforts.
Answered by Matt Warman
The Dormant Assets Scheme is led by industry and backed by the government with the aim of reuniting people with their financial assets. Where this is not possible, this money supports important social and environmental initiatives across the UK.
As a voluntary Scheme, industry stakeholders have been at the forefront of efforts to bring assets from the insurance and pensions, investment and wealth management, and securities sectors into scope. This includes leading work to estimate the value of dormancy currently in each sector and using their experience and understanding of reunification processes to inform their estimates of how much could be reunited with their owners successfully. The following table sets out these estimates, broken down by sector:
Sector | Dormant assets | Could be reunited with owners |
Insurance and pensions | £2.1bn | £1.17bn |
Investment and wealth management | £1.4bn | £781m |
Securities | £158m | £48m |
TOTAL | £3.7bn | £2bn |
Scheme expansion requires primary legislation, which will be introduced when parliamentary time allows. Once legislation has achieved Royal Assent, the speed at which it can be implemented and new funds will become available is dependent on regulator and industry readiness, as well as their voluntary participation in the Scheme. We anticipate that the estimated £880 million to be unlocked through the expansion of the Scheme will take several years to be released, based on the rate that industry participants transfer new assets.
Asked by: Danny Kruger (Conservative - East Wiltshire)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if she will publish (a) a list of all organisations that have been awarded funding under the Kickstart scheme and (b) details of the number of placements each organisation has created since the start of that scheme.
Answered by Mims Davies - Shadow Minister for Women and Equalities
As of 20/11/2020, the DWP’s Kickstart scheme has received 4’783 total applications. So far, applications covering 23’934 vacancies have been approved. Once approved, employers and organisations are sent a grant agreement of terms and conditions for Kickstart funding.
Below is a list of organisations who have been approved for funding from the DWP’s Kickstart scheme and that have returned their grant funding agreements as of 23/11/2020.
Company Name | Number of Vacancies |
Hales Group Limited | 39 |
MOLINARE TV & FILM LIMITED | 37 |
Park Homes (UK) Ltd | 30 |
Black Sheep Utilities Ltd | 30 |
iSmash UK Trading Ltd | 56 |
Airfi Networks Services Limited | 30 |
Blueline Learning Ltd | 30 |
Intelligent Transformation Limited | 30 |
Lionheart Security Services LTD | 30 |
Modo Creations Limited | 30 |
RGE Engineering Ltd. | 32 |
Purpol Marketing Ltd | 50 |
Specialist Care Team Ltd | 33 |
The Boxing House Ltd. | 30 |
MYBE Awards | 30 |
Aspen Health | 30 |
Boundary Mill Stores Limited | 71 |
Compass Group PLC | 50 |
Cordant Recruitment | 65 |
David Lloyd Leisure | 130 |
DealBerry Limited | 40 |
Enginsoft | 40 |
Event Support Team ltd | 100 |
EXPD8 LIMITED | 305 |
Macc Care | 90 |
O'Neill and Brennan Construction Ltd | 500 |
Rising Stars Property Solutions | 100 |
Robinson Manufacturing Limited | 35 |
Tenstar Personnel Limited | 150 |
The HALO Kilmarnock Ltd | 200 |
TRG LOGISTICS LTD | 75 |
Yorkshire College of Beauty Ltd | 32 |
AA Zentivus Ltd | 30 |
AIR RESOURCES LIMITED | 30 |
Angel Guard Limited | 30 |
Bauer Radio Limited | 30 |
Crouch Logistics Ltd | 30 |
F M CONWAY LIMITED | 30 |
Link Academy Trust | 30 |
Hollowood Chemists Limited | 30 |
MARCUS EVANS LIMITED | 30 |
MPS Care Ltd | 30 |
Nightingale Group Limited | 100 |
Reed Specialist Recruitment Ltd | 50 |
The Claxson Group Limited | 30 |
Hometrust Care Ltd | 30 |
Maritime Academy Trust | 30 |
The Trade Centre Group PLC | 30 |
Whistl UK Ltd. | 30 |
Yorkshire Repak Limited | 30 |
CAPITA PLC | 60 |
LADbible Group | 30 |
Q Care Ltd | 40 |
University of Wolverhampton Multi Academy Trust | 40 |
Berneslai Homes Ltd | 30 |
Corona corporate Solutions Ltd | 30 |
NDH CARE LTD | 34 |
Peninsula Care Homes ltd | 30 |
Reynold 123 Limited | 34 |
Search Consultancy Limited | 30 |
The Calico Group | 30 |
Williams & Co | 40 |
Bolloré Logistics UK Ltd | 30 |
Internet Fusion Ltd | 45 |
Learning Curve Group Limited | 30 |
Pilgrim's Pride UK Ltd | 60 |
The Northam Care Trust | 30 |
Heritage Taverns Ltd | 30 |
Oliver Marketing Limited | 30 |
Wincanton Holdings Ltd | 120 |
Places For People Group Limited | 41 |
The Gym Limited | 30 |
Portakabin Limited | 30 |
Unity Schools Partnership | 65 |
Astute Ltd | 31 |
Made To Order Limited | 30 |
E-ACT | 66 |
M&D Green Dispensing Chemist Limited | 30 |
Aspire Defence Services Ltd | 69 |
Suffolk's Libraries IPS Limited | 30 |
Treloar Trust | 30 |
Ronnies Limited | 35 |
Vantec Europe Ltd | 30 |
Tops Day Nursery Limited | 37 |
Coppergreen Developments Ltd | 41 |
Coffee1 Ltd | 30 |
Moorhouse Group | 30 |
Action Centres UK Ltd | 30 |
SPECTRUM HEALTHCARE DOMICILIARY CARE LIMITED | 30 |
Optima Care | 30 |
Clipper Logistics PLC | 105 |
Pre-school Learning Alliance | 50 |
Peter Vardy Ltd | 58 |
Rosebourne Limited | 30 |
West Midlands Ambulance Service University NHS Foundation Trust | 30 |
Shireland Collegiate Academy Trust | 44 |
The Royal Mint | 32 |
Osbourne Co-operative Academy Trust | 30 |
Coate WATER Cre Company Ltd | 80 |
J Murphy & Sons Ltd | 52 |
Persona Care and Support Limited | 30 |
Doncaster Culture & Leisure Trust | 30 |
London North Eastern Railway Limited | 38 |
Harris Federation | 60 |
Aggregate Industries | 39 |
Impact Education Multi Academy Trust | 35 |
The Growth Company | 31 |
Go Train Ltd | 30 |
Furniture Resource Centre Limited | 30 |
Key Care & Support | 30 |
Saint John of God Hospitaller Services | 30 |
MLL Telecom Limited | 36 |
Brunelcare | 42 |
Leeds and York Partnership NHS Foundation Trust | 30 |
The Football League (Community) Ltd T/A EFL Trust | 475 |
Muslim Council of Britain Charitable Foundation | 90 |
HIT Training Ltd | 48 |
One for the people limited | 30 |
Casual Speakers Ltd | 38 |
Asked by: Danny Kruger (Conservative - East Wiltshire)
Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what support his Department provides to community-led housing groups.
Answered by Christopher Pincher
The principal way in which the Government has supported the community-led housebuilding sector in England in recent years was through the Community Housing Fund, making available £163 million in grants over 2018/19 and 2019/20. The Community Housing Fund closed at the end of March. Departmental budgets for 2021/22 have been confirmed at the recent Comprehensive Spending Review and my department will now undertake a process of allocation of budgets to individual programmes. The needs of the community-led housing sector will be taken into consideration alongside the full range of the department’s priorities.
The Government recognises that the community-led housing sector offers significant potential for helping to meet housing need across England. In addition to helping increase the rate of delivery of new housing, it will help deliver a range of benefits including diversifying the housebuilding sector, improving design and construction quality, and sustaining local communities and local economies. The support and close involvement of the local community enables the community-led approach to secure planning permission and deliver housing that could not be brought forward through mainstream development.
Asked by: Danny Kruger (Conservative - East Wiltshire)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason the Government has decided not to implement a carbon fee dividends scheme.
Answered by Kwasi Kwarteng
A carbon fee and dividend is an alternative form of carbon pricing policy. The UK already prices carbon through, for example, our participation in the EU Emissions Trading System (EU ETS).
UK Government is establishing a UK Emissions Trading System, with increased ambition on carbon pricing. The new system will ensure a smooth transition for businesses as the UK is set to leave EU system after the Transition Period at the end of the year, while also allowing us to have autonomy over its design and governance. Further detail can be found in The UK Government’s and Devolved Administrations’ full response to the public Consultation on the Future of UK carbon pricing, published on 1 June.
Asked by: Danny Kruger (Conservative - East Wiltshire)
Question to the Department for Work and Pensions:
What steps her Department is taking to promote opportunities for young people as the economy reopens as the covid-19 lockdown restrictions are eased.
Answered by Mims Davies - Shadow Minister for Women and Equalities
Jobcentres are already engaging now with new and existing claimants. Young people are at the heart of what we are developing, and we are listening to their experiences and ideas.
The department will continue to work with stakeholders, as we value their expertise, to make sure as the economy continues to opens up further young people have all the tools they need to thrive. We recently met with key stakeholders of the new Youth Employment Group, which includes Impetus, Prince’s Trust, Youth Employment UK, the Institute for Employment Studies and the Youth Futures Foundation to discuss and co-produce solutions for young people in this recovery.