Technical consultation on a Community Wealth Fund in England

From:: Department for Culture, Media and Sport and Department for Levelling Up, Housing and Communities
Published: 21 September 2023
Last updated: 25 September 2025 — See all updates

Applies to England

Read the full outcome

Government response to the technical consultation on the design of a Community Wealth Fund in England

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Detail of outcome

The government is committed to creating thriving places; ensuring that neighbourhoods are healthy and safe, have access to a good range of amenities, services, green spaces and high-quality infrastructure. The Community Wealth Fund will support this commitment through its core objectives to: improve social infrastructure in the places with relatively high deprivation and low social capital; empower local people to identify needs and make decisions on what is best for their community; contribute to reducing inequalities and poverty, and enhancing community cohesion.

Detail of feedback received

The technical consultation received 114 responses. The majority (100) of these were submitted through the online questionnaire, while 14 responses were submitted via email. Every response was reviewed in full. The government is grateful to all those who took the time to share their views and influence the design of the Community Wealth Fund.

The technical consultation received 37 responses from individuals, 70 responses on behalf of organisations, and five responses from firms that were current or prospective industry participants of the Scheme. Two respondents chose not to declare on whose behalf they were responding.

Original consultation

Summary

The government is seeking views on the key design principles of a dormant assets-funded community wealth fund in England.

This consultation ran from
4pm on 21 September 2023 to 11:55pm on 19 October 2023

Consultation description

This technical consultation follows a commitment made by the government in its response to the consultation on the English portion of dormant assets funding. This stated that community wealth funds would be the fourth cause to receive dormant assets funding in England.

Empowering local people and devolving decision-making power to communities is at the heart of the government’s vision for a community wealth fund. This consultation is intended to embed those aims from the very beginning by seeking people’s views on the principles that will underpin the design of a community wealth fund in England.

The government intends for a community wealth fund to target places that are experiencing high levels of deprivation and/or low social capital. In the first instance, a community wealth will target small towns of fewer than 20,000 residents.

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