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Government announces £150m fund from dormant bank accounts for charities battling coronavirus

MILLIONS of pounds will be unlocked from dormant accounts to help charities as they respond to the coronavirus crisis, the government has announced.

Culture Secretary Oliver Dowden said that of the £150 million fund, £10m will be provided for the Youth Futures Foundation to help organisations that support unemployed and disadvantaged young people.

Some £45m will go to Big Society Capital for emergency loans, £65m is earmarked for Fair4Finance to support credit providers and £30m to access in supporting social enterprises. 

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