The public can have a say on how almost £740million in dormant assets could be spent across England.
The consultation includes considering community wealth funds as an option. A community wealth fund is designed to provide support and funding to reinvigorate social infrastructure in ‘left behind’ neighbourhoods. It would do this by providing long-term, patient investment over 10-15 years directly to those neighbourhoods, with local people taking the lead in making decisions about how to use the funds to improve their communities.
The consultation is open until 9th October 2022. You can take part in the consultation here and you can find out more on the Community Wealth Fund website.
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