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