Dormant Assets Scheme: Youth Services
The question
To ask the Secretary of State for Culture, Media and Sport, how she plans to allocate dormant assets to youth organisations.
Answered by Stephanie Peacock
On the 2nd June, DCMS Secretary of State announced that £132.5 million of dormant assets funding will be allocated to support the provision of services, facilities or opportunities to meet the needs of young people. This will increase disadvantaged young people’s access to enrichment opportunities in the arts, culture, sports and wider youth services, aimed at improving wellbeing and employability, and be delivered by The National Lottery Community Fund.
It also includes the £15 million ‘Building Futures’ programme announced under the previous government in September 2023, and delivered by Youth Futures Foundation.
Further details, including how the funding will be allocated, will be shared in due course.
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