Grant News

£76 Million Released from Dormant Accounts to Help Vulnerable People with the Cost of Living (England)

The Department for Culture, Media and Sport has announced that £76 million will be redirected from dormant accounts to help vulnerable people with the cost of living, and assist social enterprises with innovative energy saving solutions.

Among the projects that will benefit from the Dormant Assets Scheme is one that includes no-interest loans for 69,000 individuals struggling with finances via a £45 million grant distributed by Fair4All Finance.

The Dormant Assets Scheme redirects money from forgotten accounts to good causes

Hundreds of charities and social enterprises will also receive support from a pot of £31 million, distributed by social investors Access and Big Society Capital, to retrofit premises with more efficient energy systems, such as new boilers or heat pumps, solar panels, and new lighting.

Further information will be made available in due course.

8th March 2023