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

To ask Her Majesty's Government what is the process for organisations applying for funding from the Reclaim Fund; whether organisations are required to set out in their applications the geographical regions in which any funding will be spent; and whether details of those applications will be published.

Reclaim Fund Ltd is the Dormant Assets Scheme’s administrator. It is responsible for managing dormant assets and transferring surplus funds to The National Lottery Community Fund, the named distributor of dormant assets funding. Funds must be spent on social or environmental purposes.

Dormant assets funding is not central government money and there is no central bidding process for accessing it. In England, funding is currently distributed to four specialist organisations who work across the areas of youth, financial inclusion and social investment. These organisations are independent from the government, and are not required to report to the government on geographical distribution of funding.

Funding must fulfill the additionality principle, support the three defined causes and be distributed for initiatives in England. Beyond this, the four specialist spend organisations are free to determine the most appropriate way to deliver against their objectives. This includes geographical distribution of any organisations which may apply to them for funding. The organisations themselves are responsible for managing any such applications, including the geographical distribution of their work.