In response to today's Dormant Assets Scheme expansion announcement, Matt Whittaker, CEO of Pro Bono Economics said:

“Charities faced an estimated £10 billion funding gap in 2020 as a result of the pandemic, and are expecting the new year to be every bit as tough. Today's announcement is therefore very welcome. The complexity of releasing the proceeds of dormant shares and life insurance policies should not be underestimated, and this scheme is a great example of government and business working hand in hand to achieve a shared goal.

“The next step must be working in similar partnership with civil society. As the government seeks to 'build back better and 'level up' across communities, it's important that it involves civil society not just in service delivery but in the decision making process too - using the sector's experience and on-the-ground knowledge to help direct these funds to where they can have the greatest impact."

Contact PBE's press office here.