Hundreds of charities and social enterprises to receive £31m of dormant assets 

Hundreds of charities and social enterprises are set to receive £31m via the dormant assets scheme, the Department for Culture, Media and Sport (DCMS) has announced.  DCMS said that an extra £76m of funding will be allocated to people who are struggling with the cost-of-living crisis. Of this, 41% will be distributed to charities and social enterprises by social investors Access and Big Society Capital (BSC) to help them with the rising cost of energy and increased demands.    DCMS also announced that community wealth funds, long-term funding pots for communities in deprived areas, will now be considered as an option for the English portion alongside youth, financial inclusion and social investment wholesalers. Today’s announcement comes after a public consultation last summer which aimed to determine how the next tranche of dormant assets, worth £880m, should be spent.