Government unlocks £150 million from dormant accounts for Coronavirus response

The Culture Secretary has announced that £150 million from dormant bank and building society accounts is to be unlocked to help charities, social enterprises and vulnerable individuals during the coronavirus outbreak.

This includes accelerating the release of £71 million of new funds from dormant accounts alongside £79 million already unlocked that will be repurposed to help charities’ Coronavirus response and recovery.

The funding will support urgent work to tackle youth unemployment, expand access to emergency loans for civil society organisations, and help improve the availability of fair, affordable credit to people in vulnerable circumstances.

For more details

https://www.gov.uk/government/news/government-unlocks-150-million-from-dormant-accounts-for-coronavirus-response?utm_source=ce9c8f8d-eaec-4d16-b06f-d1f52ae8d3de&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate