S3W-03507: Dormant Funds

To ask the Scottish Executive, further to the publication in May 2007 of HM Treasury’s consultation on the distribution of dormant funds, what representations ministers are making to ensure that unclaimed assets identified in Scotland stay in Scotland to the benefit of the community and voluntary sector.

Answered by Jim Mather (06/09/2007): We are in close discussionwith the UK Government and the other devolved administrations about the precisearrangements to be put in place to collect and distribute money in dormant bankaccounts. The overall sum likely to be collected is not known with any certaintybut we are confident that a fair share will be available to Scotland.