# Local Trust relaunches campaign for Community Wealth Fund

- Link: https://fundraising.co.uk/2024/07/18/local-trust-relaunches-campaign-for-community-wealth-fund/
- Published: 2024-07-18T09:50:00+01:00
- Author: Melanie May

**A campaign calling for government to allocate money from the expanded dormant 
assets scheme to create a community wealth fund is being relaunched, post-election.**

The campaign calls for funding for neighbourhoods that have missed out on their 
fair share of support and lack important social infrastructure. These neighbourhoods
are assessed as having high levels of deprivation that have lost facilities and 
services including community centres, pubs and transport links. The [proposal for the fund](https://fundraising.co.uk/2018/08/29/charity-bodies-funders-unite-proposal-community-wealth-fund/)
was first put forward in 2018.

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The campaign has called for the [Community Wealth Fund](https://communitywealthfund.org.uk/)
to be governed by the following principles: 

 * Long-term patient funding (10-15 years) 

 * Investment directly into doubly disadvantaged neighbourhoods  

 * Community-led decision making 

 * Appropriate support provided to build community, confidence and capacity.  

Pre-election, the campaign had resulted in a public consultation, following which
the government announced that community wealth funds would become a new beneficiary
of the dormant assets scheme. The government was due to announce its intentions 
about the design of the fund when the General Election was called and parliament
was dissolved.

In the lead up to the General Election Local Trust then published [a manifesto](https://localtrust.org.uk/insights/research/a-new-neighbourhoods-policy/)
calling on the next government to review and expand the Community Wealth Fund and
return it to the vision outlined by the Community Wealth Fund Alliance, targeted
to doubly disadvantaged neighbourhoods. 

The campaign is now being relaunched by Local Trust on behalf of the Community Wealth
Alliance, which is a group of civil society, public and private sector organisations
including NCVO, Small Charities Coalition, and Lloyds Bank Foundation for England
and Wales.

#### Event for MPs

New members of parliament are invited to join Local Trust and members of the CWFA
advisory group on Monday, 22 July, from 1pm to 5pm at a drop-in at the Thames Pavilion
in the Palace of Westminster, to learn more about the campaign and how a Community
Wealth Fund would benefit the doubly disadvantaged neighbourhoods in their constituencies.

People can also ask for more information or let Local Trust know they wish to attend
by emailing _[ki**************@************rg.uk](https://fundraising.co.uk/2024/07/18/local-trust-relaunches-campaign-for-community-wealth-fund/ki**************@************rg.uk)_.