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1128528
registered interest false more like this
date remove filter
answering body
Department for Digital, Culture, Media and Sport more like this
answering dept id 10 more like this
answering dept short name Digital, Culture, Media and Sport more like this
answering dept sort name Digital, Culture, Media and Sport more like this
hansard heading Civil Society: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Digital, Culture, Media and Sport, how the Government plans to allocate the £2 billion of dormant assets identified by the Dormant Assets Commission in March 2019 throughout the charity and voluntary sector; and if the Government will allocate those assets to the establishment of a community wealth fund. more like this
tabling member constituency Morecambe and Lunesdale more like this
tabling member printed
David Morris more like this
uin 257745 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-05more like thismore than 2019-06-05
answer text <p>Following the independent Dormant Assets Commission’s report and findings, an industry blueprint for expanding the scheme was published in April 2019, setting out a long-term plan for how additional dormant assets could be included.</p><p> </p><p>We are working proactively with industry partners to enable this expansion that could see hundreds of millions of additional funds being released to good causes. Under the current legislation, this money can only be used to fund initiatives relating to youth, financial inclusion or via a social investment wholesaler. We are proud of our impact to date in these areas, which has created more than 26,000 jobs and training opportunities and helped more than 2,000 vulnerable individuals into suitable housing.</p> more like this
answering member constituency Eastleigh more like this
answering member printed Mims Davies remove filter
question first answered
less than 2019-06-05T16:14:27.113Zmore like thismore than 2019-06-05T16:14:27.113Z
answering member
4513
label Biography information for Mims Davies more like this
tabling member
4135
label Biography information for David Morris remove filter