delete The Dormant Assets (Distribution of Money) (England) Order 2023
The Dormant Assets (Distribution of Money) (England) Order 2023 restricts the distribution of dormant assets money to four categories: (1) services for young people, (2) financial literacy and access to financial services, (3) social investment wholesalers, and (4) community wealth funds. It defines key terms including 'social investment wholesaler' and 'third sector organisation'.
While dormant assets represent a special case of state-held funds, this Order nonetheless restricts capital allocation to four government-favoured categories, effectively picking winners and distorting how these resources could otherwise flow. Social investment wholesalers and community wealth funds represent particularly problematic interventions — the former layers intermediation while the latter creates politically-directed local capital rather than allowing market processes to direct resources. Deletion would not harm Britons because dormant assets money would still reach worthy causes through alternative mechanisms, freed from artificial categorical constraints that produce unintended consequences such as over-supply of certain third-sector intermediaries and under-funding of innovative solutions outside the four approved categories.