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Dormant Assets Scheme: Allocating £350 million for England (www.gov.uk)

submitted 5 days ago by Joker@sh.itjust.works to c/unitedkingdom@feddit.uk

2 comments fedilink hide all child comments

The Dormant Assets Scheme is expected to release £350 million for England over 2024 and 2028. The government intends to allocate this money equally between the four causes:

£87.5 million for the provision of services, facilities or opportunities to meet the needs of young people

£87.5 million for the development of individuals’ ability to manage their finances or the improvement of access to personal financial services

£87.5 million for social investment wholesalers (£12.5 million will reach organisations that support improved youth outcomes)

£87.5 million for community wealth funds

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[–] LainTrain@lemmy.dbzer0.com 4 points 5 days ago (1 children)

Anybody got a nice summary for what each of those mean and/or really do?

[–] tabris@lemmy.world 8 points 5 days ago

They do very little when the issue is massive wealth inequality and the hoarding of wealth by very few. This spends around £15 per person. It's doing diddly squat.