PARLIAMENTARY WRITTEN QUESTION
Dormant Assets Scheme (21 July 2020)

Reclaim Fund Ltd annually receives dormant assets and reserves the amount required to meet customer reclaims. The remainder is allocated to The National Lottery Community Fund for distribution. In an unprecedented move to respond to the Covid-19 crisis, all money available for distribution this financial year was allocated in May 2020 as part of the government’s announcement of £150m of dormant assets funding. This money is supporting charities, social enterprises, and vulnerable communities to respond to and recover from the pandemic. There are therefore no unallocated funds available for England at this time.