Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Culture, Media and Sport, what her Department's planned timetable is for concluding its assessment of building financial education and capability as an additional aspect to the financial inclusion cause in the Dormant Assets Scheme.

The Dormant Assets Scheme has unlocked £145 million to support financial inclusion initiatives in England to date and earlier this year, the government announced that £76 million of dormant assets funding would be allocated to support those struggling with the cost of living. This includes £45 million for financial inclusion initiatives like the provision of no-interest loans to vulnerable people.

Following the consultation on the English portion of dormant assets funding, the Government is continuing to explore how financial education and capability can be supported in the future.

The government aims to publish a statement of intent in due course to announce the proportions of funding this government intends to allocate to the four causes, including financial inclusion and capability.