In a new scheme administered by the Big Lottery Fund, the government could be close to distributing funds from dormant bank accounts to charities and youth finance projects.

The report outlines plans to use at least 25 per cent of unclaimed assets cash to establish a £100m fund that will finance organisations to teach young people and adults about financial capability.

A further £75m will be put into a new Social Investment Wholesale Bank, which will provide loans to voluntary organisations.

The majority of the rest of the money, thought to be in the region of £175m, will fund new youth facilities across the country.

via Children & Young People Now