Question to the HM Treasury:
To ask the Chancellor of the Exchequer pursuant to the Answer of 1 February 2018 to Question 125390, how the £55 million fund for financial inclusion and capability initiatives will be allocated.
The government recently announced that up to £330 million will be unlocked from dormant accounts, £55 million of which is set to be used for financial inclusion and capability initiatives. Further details on the allocation process for this £55 million will be released in the spring.