CWFA Update January 2025

Welcome to the e-newsletter for all Community Wealth Fund Alliance (CWFA) members. 

Make sure you follow the campaign on Twitter: @CommunityWealthFund

We are now also on Bluesky: @commwealthfund.bsky.social

Looking ahead

As the Community Wealth Fund campaign enters its seventh year, and as we await the government’s forthcoming announcement on the design and delivery of the Fund, we’d like to take this opportunity to thank Alliance members for their continued support.  

Below you will find a selection of highlights following the campaign’s relaunch in July last year, after the general election.

For more information on the progress of the campaign, see our latest briefing.

Campaign update

£87.5 million dormant asset funding

In November 2024, the Department for Culture Media and Sport (DCMS) announced an equal share of funding for the four named dormant asset causes over 2024-2028. The Community Wealth Fund will receive £87.5 million from the Dormant Assets Scheme over the next four years, alongside funding for youth, financial inclusion and social investment wholesalers.

Further details will be published in a Dormant Assets Strategy in due course.

National Lottery Community Fund announcement

The National Lottery Community Fund has announced it will be contributing £87.5 million to the Community Wealth Fund, matching funds allocated from England’s Dormant Assets Scheme over 2024-2028 to take the total funding amount to £175 million. 

Watch Samantha Jones, Head of Community Wealth Fund at TNLCF announce details of the funding ⬇️

Community Wealth Fund Alliance reaches 800 members

In October 2024, the Community Wealth Fund Alliance marked a major achievement with its 800th member. Reaching this milestone demonstrates the wide-ranging support the campaign has across a range of sectors.

You can find out more about the history of the campaign by visiting our timeline.

End-of-year reception 

In December 2024, we held an end-of-year parliamentary reception to celebrate the campaign's continued progress. The event was hosted by Noah Law, MP for St Austell and Newquay. It was a pleasure to be joined on the day by a wide range of parliamentarians, members of the Community Wealth Fund Alliance, representatives from Big Local areas, and colleagues from across the voluntary and community sector.

Listen to some of our speakers reflect on the Community Wealth Fund campaign and how the funding could make a difference in the neighbourhoods with greatest need.

Get involved

Please email roshni.mistry@localtrust.org.uk if you have any questions or would like to become part of our group of Champions – a group of members who take a proactive role in promoting the campaign. 

Download our CWFA resources by clicking here (password: CWFA)