From Civil Society
Over 400 organisations have joined a campaign calling on the government to use dormant assets to advance “left-behind” communities, as the backers plan a week of activity to increase pressure on the government.
The Community Wealth Fund Alliance is made up of civil society, public and private sector organisations, and so far has 449 members. The Dormant Assets Bill was introduced in parliament earlier this year, and is in the report stage of the House of Lords. The bill will unearth up to £880m for social and environmental initiatives across the country. This will be made up of dormant or unclaimed stocks, insurance and pension funds.
The alliance is lobbying the government to commit this money to its independent endowment, The Community Wealth Fund, in the Bill or upcoming Levelling Up White Paper