A Notwestminster 2019 workshop from Margaret Bolton and Mark Pepper
The Dormant Bank and Building Society Accounts Act 2008 was introduced to enable banks and building societies to transfer the unclaimed funds to a “reclaim fund” which could then be distributed to good causes. The total value of assets transferred to the fund is now close to £1 billion and the money is being directed towards social investment, financial inclusion and young people in England.
In 2016, a new Commission on Dormant Assets was formed with the encouragement of the Government. This second wave of assets could be worth billions of pounds.
In this workshop we’ll describe the latest thinking on how these funds could be directed toward communities and ask the question, how could these funds boost local democracy?
Strong resourceful communities: The case for a Community Wealth Fund
How to get involved
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About the workshop host
Director of Policy, Local Trust
Margaret has a background in policy, research, public affairs and communications. Previous posts include Lottery Communications Director at Arts Council England and Policy and Research Director at NCVO. Before her current role at Local Trust, Margaret combined interim and change management contracts with consultancy work. Immediately prior to Local Trust she worked at the Calouste Gulbenkian Foundation (CGF) leading on evaluation and learning and communications.
Development Manager, Ambition Lawrence Weston
Mark is responsible for overall delivery of Ambition Lawrence Weston’s aims through the Lawrence Weston Community Plan. He is ALW’s representative on the Big Local Steering Group and Chair of the Lawrence Weston Neighbourhood Planning Group. Mark lives in Lawrence Weston and has good connections in the community from his previous youth and social work, and has experience of partnership working to gain more funding and delivery of local objectives.
Our local democracy is a shared endeavour, often a shared frustration, but above all a shared hope. Notwestminster is about finding the people, ideas and energy we need, so that we can use our skills and experiences for a common purpose.
Together we have what we need to assemble a stronger local democracy. Are you up for the challenge? Please join us.