Dormant Assets Distribution Fund

Department for Digital, Culture, Media and Sport written question – answered on 3rd September 2020.

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Photo of Judith Cummins Judith Cummins Labour, Bradford South

To ask the Secretary of State for Digital, Culture, Media and Sport, what the current value is of un-allocated funds in the Dormant Assets Distribution Fund.

Photo of John Whittingdale John Whittingdale Minister of State

Reclaim Fund Ltd annually receives dormant assets and reserves the amount required to meet customer reclaims. The remainder is allocated to The National Lottery Community Fund for distribution. In an unprecedented move to respond to the Covid-19 crisis, all money available for distribution this financial year was allocated in May 2020 as part of the government’s announcement of £150m of dormant assets funding. This money is supporting charities, social enterprises, and vulnerable communities to respond to and recover from the pandemic. There are therefore no unallocated funds available for England at this time.

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