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1038916

registered interest
date	10/01/2019
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Bank Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answers by Lord Ashton of Hyde on 29 November 2018 (HL11578, HL11579, HL11580, and HL11581), whether it is HM Treasury’s responsibility to monitor the use of funds from dormant bank accounts belonging to members of the public; and if not, whose responsibility it is.
tabling member printed	Lord Mawson
uin	HL12753
answer	answer is ministerial correction date of answer 22/01/2019 answer text <p>The Big Lottery Fund is named in the Act as the distributor of dormant account money for meeting expenditure that has a social or environmental purpose in England, Scotland, Wales and Northern Ireland. Each devolved administration makes decisions on how these funds are used.</p><p> </p><p>In England, all monies so far made available from dormant bank accounts have been allocated to Big Society Capital, the world’s first social investment wholesaler. The Government established Big Society Trust to provide oversight of Big Society Capital and to ensure that this funding is spent effectively. In the devolved administrations, Big Lottery Fund plays this monitoring role.</p> answering member printed Lord Ashton of Hyde grouped question UIN HL12754 question first answered 22/01/2019 16:59:57 answering member 4247 label Biography information for Lord Ashton of Hyde
tabling member	3830 label Biography information for Lord Mawson

1038917

registered interest
date	10/01/2019
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Bank Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their role in monitoring the effectiveness of systems and processes relating to spending money from dormant bank accounts belonging to members of the public.
tabling member printed	Lord Mawson
uin	HL12754
answer	answer is ministerial correction date of answer 22/01/2019 answer text <p>The Big Lottery Fund is named in the Act as the distributor of dormant account money for meeting expenditure that has a social or environmental purpose in England, Scotland, Wales and Northern Ireland. Each devolved administration makes decisions on how these funds are used.</p><p> </p><p>In England, all monies so far made available from dormant bank accounts have been allocated to Big Society Capital, the world’s first social investment wholesaler. The Government established Big Society Trust to provide oversight of Big Society Capital and to ensure that this funding is spent effectively. In the devolved administrations, Big Lottery Fund plays this monitoring role.</p> answering member printed Lord Ashton of Hyde grouped question UIN HL12753 question first answered 22/01/2019 16:59:57 answering member 4247 label Biography information for Lord Ashton of Hyde
tabling member	3830 label Biography information for Lord Mawson

917622

registered interest
date	05/06/2018
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, pursuant to the press release, Dormant Assets Scheme bolstered by industry leaders, of 3 June 2018, how much and what proportion of the money reclaimed by the scheme has been used to fund financial inclusion; and how many people have benefited from that work.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	150245
answer	answer is ministerial correction date of answer 11/06/2018 answer text <p>In England, all funding released from dormant assets so far has been put towards social investment initiatives by Big Society Capital. However, in January 2018 the Department for Digital, Culture, Media &amp; Sport committed to use £55 million from new tranches of dormant asset funding on financial inclusion in England. This money will be put towards increasing the use of fair, affordable and appropriate financial products and services. Following an ongoing engagement exercise, Ministers are expected to announce further details on how this will be used in summer 2018.</p> answering member constituency Chatham and Aylesford answering member printed Tracey Crouch question first answered 11/06/2018 11:21:59 answering member 3950 label Biography information for Dame Tracey Crouch
tabling member	4657 label Biography information for Anneliese Dodds