Charities: Finance:Written question - 152189

Asked by Mr Steve Reed
(Croydon North)

Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 11 June 2018
Department for Digital, Culture, Media and Sport
Charities: Finance
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.
Answered by: Tracey Crouch
Answered on: 14 June 2018

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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