Community Wealth Fund doubles to £175m

The Community Wealth Fund doubles to £175m after National Lottery investment.

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The amount available to disadvantaged communities through the government’s Community Wealth Fund has doubled to £175 million. The government previously announced its intention to use £87.5m from the Dormant Assets Scheme to fund the initiative, but this has now been matched by another £87.5m from the National Lottery. Over the next 10 years, between £1m and £2.5m will be granted to “doubly disadvantaged” communities, those with the highest level of deprivation and the lowest levels of social infrastructure. Read more here.