Bank Services

(asked on 25th September 2020) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what proportion of funds from the Dormant Account Scheme has been allocated to environmental causes in each year since that scheme’s creation.


Answered by
John Whittingdale Portrait
John Whittingdale
This question was answered on 1st October 2020

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.

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.

Reticulating Splines