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<p>Funding unlocked through the Dormant Assets Scheme is distributed by The National
Lottery Community Fund (TNLCF). Each nation in the UK directs TNLCF on how to distribute
its allocation of the funding to social or environmental causes. In England, it is
directed by the Secretary of State for Digital, Culture, Media and Sport and must
be spent on causes related to youth, financial inclusion, or social investment. In
Scotland, Wales and Northern Ireland, Ministers direct funding to various youth and
environmental initiatives. For example, the Welsh government has spent over £2m on
a mix of projects focussing on climate change and sustainability.</p><p>The Government
will soon publish a response to the consultation on expanding the Dormant Assets Scheme
to include a wider range of financial assets. This is a long term process, also involving
discussion on how potential future dormant assets funding could be spent.</p><p> </p>
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