
1 

(1) This Order may be cited as the Dormant Assets (Distribution of Money) (England) Order 2023.
(2) This Order comes into force on the day after the day on which this Order is made.
(3) This Order extends to England and Wales, Scotland and Northern Ireland.
(4) This Order applies in relation to English expenditure.
2 

(1) The purposes for which, or the kinds of person to which, a distribution of dormant assets money for meeting English expenditure may be made, are restricted to—
(a) distributions for the purpose of the provision of services, facilities or opportunities to meet the needs of young people;
(b) distributions for the purpose of the development of individuals’ ability to manage their finances or the improvement of access to personal financial services;
(c) distributions to social investment wholesalers;
(d) distributions to community wealth funds.
(2) In this article—
(a) “social investment wholesaler” means a body that exists to assist or enable other bodies to give financial or other support to third sector organisations;
(b) “third sector organisation” means an organisation that exists wholly or mainly to provide benefits for society or the environment.
Signed by authority of the Secretary of State for Culture, Media and Sport
Stuart Andrew
Parliamentary Under Secretary of State
Department for Culture, Media and Sport
21st November 2023