Dormant Assets Scheme
(asked on 7th May 2024) - View Source
Question to the Department for Digital, Culture, Media & Sport:
To ask His Majesty's Government when they plan to distribute the next allocation from the Dormant Asset Scheme, and how much this allocation will be.
Answered by
Lord Parkinson of Whitley Bay
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
This question was answered on 21st May 2024
The Dormant Assets Scheme is expected to release £350 million for England between 2024 and 2028. HM Government intends to allocate this equally between the four causes we have set out: youth, financial inclusion, social investment wholesalers, and community wealth funds. Further details will be published in due course.