Charities: Finance

(asked on 11th March 2025) - View Source

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

To ask the Secretary of State for Culture, Media and Sport, what steps her Department is taking to promote the availability of funding for small charities.


Answered by
Stephanie Peacock Portrait
Stephanie Peacock
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
This question was answered on 18th March 2025

This government recognises the vital role that charities play in providing crucial support to different groups and communities. This Government is committed to resetting the relationship with civil society and treating them as an equal, expert partner who are integral to the delivery of the Government’s vision for national renewal.

DCMS is promoting the availability of funding for smaller charities in several ways. This includes delivery of a number of grant schemes, such as the Know Your Neighbourhood Fund and 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.

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