The Government has launched a public consultation on what future good causes should benefit from £738 million of dormant assets funding in England. Currently, the funding is spent on three social and environmental causes: youth, financial inclusion and social investment. The consultation will be open for twelve weeks to review whether these remain the right causes for where funding from dormant assets can be allocated. The funding is made available through the Dormant Assets Scheme, which was recently expanded from bank accounts to include the insurance and pensions, investment and wealth management, and securities sectors. All those with an interest, including the public, community groups, and industry stakeholders, are encouraged to submit their views by the 9th October 2022. Consultation on Future of £738 Million Dormant Asset Fund (England)
sobus
20 Dawes Road, London, SW6 7EN
Telephone 020 7952 1230
Email info@sobus.org.uk
Registered Charity No.1071089
and Company Limited by Guarantee. Registered in England No.03471416
Sobus is a new Community Development Agency for Hammersmith & Fulham. It has been created through the merger of the Community and Voluntary Sector Association Hammersmith & Fulham (CaVSA) and the Fulham Community Partnership Trust (FCPT). Building on the strengths of both organisations, sobus aims to provide a wider range of support services for local charities, community groups, social enterprises and start up businesses.