Dormant Assets Scheme
(asked on 14th March 2025) - View Source
Question to the Department for Digital, Culture, Media & Sport:
To ask His Majesty's Government what plans they have made for allocating the funds of the Dormant Asset Scheme to support financial education of young people.
This question was answered on 27th March 2025
In November 2024, this government confirmed that the next £350 million estimated to flow into the Dormant Assets Scheme in England between 2024 and 2028 would be split equally between the named causes - youth, financial inclusion, social investment, and community wealth funds. Further details, including what this money will be used for, will be set out in a Dormant Assets Strategy to be published in due course.