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Charities: Finance

Question for Department for Digital, Culture, Media and Sport

UIN HL4589, tabled on 10 January 2018

To ask Her Majesty's Government whether they intend to use the £330 million fund drawn from dormant bank and building society accounts, announced on 4 January, to provide emergency funding to well-governed charitable organisations which find themselves in financial difficulty as a result of changes to local authority funding structures.

Answered on

24 January 2018

The release of £330m of dormant accounts announced on 4 January will be used to help the homeless, disadvantaged young people, financial inclusion initiatives and other good causes in the UK over the next four years. The government will work closely with the Big Lottery Fund, as well as a range of social sector and private sector partners to develop these initiatives over the coming months, and further details on how these funds will be distributed will be announced this year. The government remains committed to a thriving and sustainable voluntary, community and social enterprise sector.