Funding news

Deprived areas can bank on help at last - Wednesday, 7th December 2005

The chancellor's announcement in this week's pre-budget report that he will sweep up money languishing in dormant UK bank accounts to invest in youth services, particularly in deprived communities, should be welcomed, albeit cautiously.

Gordon Brown says he has struck an agreement with bank and building societies to unlock the several hundred million pounds that the Treasury estimates has gone unclaimed for more than 15 years. It is not before time.

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