Extract from Committee stage (Lords) (day 2) of the Dormant Assets Bill - June 23
Thursday, 24 June 2021 08:07
Amendment 64 Moved by 64: After Clause 29, insert the following new
Clause— “Eligible recipients of dormant assets funds (1) The
Dormant Bank and Building Society Accounts Act 2008 is amended as
follows.(2) In section 16(1), at end insert “to social enterprises
and charities”.(3) In section 16(3), at end insert “to social
enterprises and charities or to a body that will make grants or
loans, or make or enter other arrangements for the purposes of
complying with subsection (1),...Request free trial
Amendment 64
Moved by
64: After Clause 29, insert the following new
Clause—
“Eligible recipients of dormant assets funds
(1) The Dormant Bank and Building Society Accounts Act 2008
is amended as follows.(2) In section 16(1), at end insert “to
social enterprises and charities”.(3) In section 16(3), at end
insert “to social enterprises and charities or to a body that will
make grants or loans, or make or enter other arrangements for the
purposes of complying with subsection (1), with social enterprises
and charities”.Member’s explanatory statement
This amendment would mean that all the holders of funds would
have to be registered social enterprises and charities and that any
bodies that received funding would have in turn to work with social
enterprises and charities.
The Parliamentary Under-Secretary of State, Department for Digital,
Culture, Media and Sport ()
(Con):...I have heard the emphasis that your
Lordships have placed on ensuring the maximum impact of the scheme.
Given the social and environmental focus required of the funding,
as I have said in previous debates and in evidence to the committee
which the noble Baroness, Lady Barker, referred to, it is hard to
imagine that charities and social enterprises will not continue to
be key partners in maximising this impact. I echo the comments of
all the noble Baronesses who spoke on this group: I, too,
absolutely recognise the important value of social enterprises. I
have been working with a number of them, particularly in relation
to implementing the social value act and the important role
that they can play in delivering government contracts in
future...
To read the whole debate, CLICK
HERE
|
