Community Wealth Funds
The question
To ask the Secretary of State for Culture, Media and Sport, what recent progress her Department has made on the establishment of the community wealth fund.
Answered by Stephanie Peacock
The government announced in November 2024 that it is allocating £87.5 million of dormant assets funding to the Community Wealth Fund and is committed to ensuring it delivers meaningful benefits to disadvantaged communities across England. DCMS and MHCLG are working to shortly publish the government response to the Community Wealth Fund technical consultation. This will set out the final design of the Community Wealth Fund, including further information on how beneficiary communities will be selected, and other elements of its delivery.
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