Charities and social enterprises to receive financial help from unlocked dormant bank accounts
Posted on 27th May 2020
by
Streets
The Government has announced that £150m from dormant bank and building society accounts is to be unlocked to help charities, social enterprises and vulnerable individuals affected by the Coronavirus outbreak.
It has been indicated that £220m worth of grants will be available for organisations that are supporting both people and communities experiencing disproportionate challenges and difficulty during the pandemic and those who provide services and support to vulnerable people who have seen increased demand and challenges on funding.
Further details of the announcement can be found at https://www.gov.uk/government/news/government-unlocks-150-million-from-dormant-accounts-for-coronavirus-response
No Advice
The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.
Information
The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.
Expert insight and news straight
to your inbox
Related Articles
Closing a limited company
There are a number of reasons why you may need to close your limited company. This could be because the company structure no longer suits your needs, your business is no longer active, or the company is insolvent. You will usually need the agreement
Deferring National Insurance payments
Employees with more than one job may be able to defer or delay paying Class 1 National Insurance in certain circumstances.
This deferment can be considered when any of the following apply:
You pay Class 1 National Insurance with more than one
Check a VAT number
The check a UK VAT number service is available at: www.gov.uk/check-uk-vat-number.
This service allows users to check:
if a UK VAT registration number is valid; and
the name and address of the registered business.
The service also allows UK
Share this article