JGP News
A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
Categories
Archives
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- October 2006
- September 2006
- June 2006
RSS Feed
Third sector to ‘benefit from dormant account cash’
A new batch of legislation is to see money lying in dormant bank accounts invested into various third sector organisations.
Published earlier this week, the Dormant Bank and Building Society Accounts Bill will see cash from accounts in England that have not been used for 15 years transferred to help fund youth services.
After such charities have received investments, any leftover money will be put into various financial capability and social projects, news that could be of interest to people seeking jobs in the public sector and those looking to boost the skills framework of their staff.
Meanwhile, the bill proposes that ministers in Wales, Scotland and Northern Ireland will have the right to decide which causes receive unclaimed money.
Phil Hope, minister for the third sector, said: "I am delighted that this legislation will enable unclaimed assets to be reinvested in society and will help the third sector contribute even more to our society, economy and environment."
Such cash will be distributed to beneficiary organisations across Britain by the Big Lottery Fund.
In related news, it was recently revealed that those working in the health and social care sector in the south-east of England are to benefit from a £151 million jobs and skills investment over the next seven years.
More about skills framework.
