Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what steps she is taking to ensure that charities in the United Kingdom are supported during periods of financial hardship.
This Government recognises the vital role that charities play up and down the country, by providing crucial support to different groups and communities.
DCMS supports charities in several ways. This includes delivery of a number of grant schemes, such as the £25.5m Voluntary, Community, and Social Enterprise (VCSE) Energy Efficiency Scheme, which is supporting frontline organisations across England to improve their energy efficiency and sustainability.
Support for charities is also available through social investment which provides access to grants, repayable finance and a blend of the two. This government is continuing to look at how dormant assets can be used to support the availability of finance to facilitate VCSEs becoming more entrepreneurial and financially resilient. An estimated £350 million will flow into the Dormant Assets Scheme between 2024-28, with details on how this money will be distributed to be provided in due course.
Within the tax system, we provide support to charities through a range of reliefs and exemptions, including reliefs for charitable giving. The tax reliefs available to charities are a vital element in supporting charitable causes across the UK, with more than £6 billion in charitable reliefs provided to charities. The biggest individual reliefs provided are Gift Aid at £1.6 billion and business rates relief at nearly £2.4 billion.