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>
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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/39", "label" : {"_value" : "Biography information for Sir John Whittingdale"} } , "answeringMemberConstituency" : {"_value" : "Maldon"} , "answeringMemberPrinted" : {"_value" : "Mr John Whittingdale"} , "dateOfAnswer" : {"_value" : "2020-10-01", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "95598"} , {"_value" : "95599"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-01T10:27:07.27Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "10"} , "answeringDeptShortName" : {"_value" : "Digital, Culture, Media and Sport"} , "answeringDeptSortName" : {"_value" : "Digital, Culture, Media and Sport"} , "date" : {"_value" : "2020-09-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Bank Services"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Digital, Culture, Media and Sport, if he will bring forward legislative proposals to increase the proportion of funds from the Dormant Account Scheme that are required to be allocated to environmental causes.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/411", "label" : {"_value" : "Biography information for Mr Barry Sheerman"} } , "tablingMemberConstituency" : {"_value" : "Huddersfield"} , "tablingMemberPrinted" : [{"_value" : "Mr Barry Sheerman"} ], "uin" : "95600"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }