Tony Lloyd welcomes consultation launch ‘to benefit good causes’

A public consultation has been launched on what social and environmental causes should benefit from £738 million of dormant assets funding in England. 

The Dormant Assets Scheme reunites people with lost financial assets, and, if the money remains unclaimed, uses it to back social and environmental initiatives across the UK. 

Tony said, “We’re in the middle of a cost of living crisis, so it is important people that people in Rochdale and across the country have their say on the scheme to ensure it makes a difference where it matters.

“It’s vital that communities here in Rochdale benefit on what causes we should support, and I would encourage everyone to participate and have your say.” 

The consultation launched on the 16th of July and will close on Sunday the 9th of October. 

The public consultation follows the passage of the Dormant Assets Act 2022 earlier this year, which expanded the Dormant Assets Scheme into a wider range of sectors. The expansion potentially unlocks around £880 million for good causes across the UK, £738 million of which will be made available for England over time.

To have you say in the consultation, click here: