Aviva joins Dormant Asset scheme

Aviva has become the first participant in the expanded version of the Dormant Assets Scheme, joining over 40 UK banks and building societies that already participate in it.

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Seb Elsworth, Chief Executive of Access – The Foundation for Social Investment said: “This is a big moment for the Dormant Assets Scheme. By tackling youth unemployment and giving people and communities in need access to finance, the Scheme tackles deep-rooted social problems and inequalities through sustained long-term investment – helping those who are not served well by current systems in society. Together, these transformative interventions boost local economies and help rebuild social infrastructure, particularly in the places most affected by long-term economic decline and most at risk from the cost-of-living crisis.

To date, the social investment strand of the Scheme has benefitted thousands of charities and social enterprises by ensuring they can access the appropriate forms of finance they need to thrive. With the amount invested in UK charities rising from £830 million in 2011 to £7.9 billion in 2021, most of the money has flowed to more deprived parts of the country, delivering long-lasting tangible economic and social benefits to local communities.”

To find more about the scheme, visit the Reclaim Fund site.

IMPORTANT: Please note that we do not fund any organisations directly but work with a range of social investors to distribute funds. If you are a charity or social enterprise looking for funding, visit Good Finance where you can find tools to help you decide if social investment is right for your organisation and a comprehensive overview of the funds available to you.