Progress on dormant bank accounts

Date: 7th October 2011

The distribution of millions of pounds from dormant bank accounts to third sector organisations in Scotland is a stage closer.

The money has lain forgotten in accounts for years and the best efforts of banks and building societies have failed to reunite it with its owners. Legislation has been passed to enable the Big Lottery Fund (BIG) to distribute this money, to support social and environmental purposes.

The Scottish Government has now issued formal instructions to BIG Scotland, asking them to take into account four themes when deciding who should benefit from the grants:

The themes are:

  • Opportunities for children and young people
  • Addressing health inequalities through increased activity
  • Bridging the gap between older and young people
  • Creating community based employment opportunities