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<p>His Majesty’s Government has recently announced that community wealth funds will
become the fourth cause for dormant assets funding in England.</p><p>A community wealth
fund will provide funding sources to local communities, with spending decisions made
by local residents about how to improve their communities. The Government will soon
launch a technical consultation on the design of this important new initiative and
welcomes views on how best to ensure its long-term impact; the consultation will be
open for 12 weeks.</p><p>Secondary legislation to enable dormant assets funding to
be directed to community wealth funds will be introduced as soon as Parliamentary
time allows.</p>
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