this post was submitted on 12 Nov 2024
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Dormant Assets Scheme: Allocating £350 million for England (www.gov.uk)
submitted 1 week ago by [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 1 week ago (1 children)

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

[–] tabris 8 points 1 week 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.