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Charities set out case for a 'transformative' £5bn Community Wealth Fund

An alliance of charity bodies have called on the government to use £2bn in unclaimed financial assets to create a Community Wealth Fund, which they say could grow to £5bn with corporate support. 

Charities set out case for a 'transformative' £5bn Community Wealth Fund 

Local Trust, a place-based funder, has published a report making the case for a Community Wealth Fund. The aim is to create a source of long-term funding for place-based initiatives to help strengthen communities. 

It says that by pooling the £2bn of unclaimed assets that have already been identified and earmarked for the charity sector with private sector investment, and other unclaimed assets that have not yet been identified, a new £5bn fund could “deliver transformative social, economic and financial impact”.

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