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Charities: Finance

Department for Digital, Culture, Media and Sport written question – answered on 14th June 2018.

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Photo of Steve Reed Steve Reed Shadow Minister (Digital, Culture, Media and Sport) (Civil Society)

To ask the Secretary of State for Digital, Culture, Media and Sport, with reference to his Department's press release, Government unlocking £330 million from dormant accounts to build a fairer society, published on 8 January 2018, how much of the £330 million recovered from dormant accounts has been distributed to charities.

Photo of Tracey Crouch Tracey Crouch The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

We announced in January 2018 that £330m from dormant accounts would be distributed to good causes across the UK over the next four years. We are currently working with partners to design the initiatives in such a way that they have a lasting impact for some of the most vulnerable people in the country. We expect to make further announcements shortly about the initial deployment of this funding in England.

Decision making for deploying dormant asset funds in the devolved administrations is fully devolved.

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