Government to inject £440 million into ‘important social causes’

Florence Lockheart
Tuesday, June 3, 2025

The government is set to launch its first Dormant Assets Scheme, redirecting funds from ‘long-unused financial accounts’ to social causes including youth music

Chancellor of the exchequer Rachel Reeves: 'We’re turning forgotten assets into fresh opportunities by unlocking £440 million that would otherwise be sitting idle to help young people realise their potential' © Adobe Stock
Chancellor of the exchequer Rachel Reeves: 'We’re turning forgotten assets into fresh opportunities by unlocking £440 million that would otherwise be sitting idle to help young people realise their potential' © Adobe Stock

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