Part 2Distribution of money under the general scheme
Distribution for England, Wales, Scotland and Northern Ireland
I118Distribution of money for meeting English expenditure
1
A distribution of dormant account money for meeting English expenditure must be—
a
made for meeting expenditure on or connected with the provision of services, facilities or opportunities to meet the needs of young people,
b
made for meeting expenditure on or connected with—
i
the development of individuals' ability to manage their finances, or
ii
the improvement of access to personal financial services,or
c
made to a social investment wholesaler.
2
In this section—
“social investment wholesaler” means a body that exists to assist or enable other bodies to give financial or other support to third sector organisations;
“third sector organisation” means an organisation that exists wholly or mainly to provide benefits for society or the environment.