Allocating £350 million of dormant assets funding equally across the four English named causes.

The Dormant Assets Scheme is expected to release £350 million for England over 2024 and 2028. The government intends to allocate this money equally between the four causes:

  • £87.5 million for the provision of services, facilities or opportunities to meet the needs of young people
  • £87.5 million for the development of individuals’ ability to manage their finances or the improvement of access to personal financial services
  • £87.5 million for social investment wholesalers (£12.5 million will reach organisations that support improved youth outcomes)
  • £87.5 million for community wealth funds
    • tabris@lemmy.worldEnglish
      91·
      10 days ago

      They do very little when the issue is massive wealth inequality and the hoarding of wealth by very few. This spends around £15 per person. It’s doing diddly squat.