Government releases £150m from dormant assets to support charity coronavirus response
The Government is unlocking £150 million from dormant bank and building society accounts to support those impacted by the coronavirus pandemic.
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 work to tackle youth unemployment, expand access to emergency loans for civil society organisations and help provide fair, affordable credit to people in vulnerable circumstances.
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