Call for progress on the National Fund

Shadow charities minister Steve Reed has urged the Government to speed up the closure of the National Fund so that the £475m in its coffers can be distributed to good causes.

The money has accumulated since the fund was set up in 1928 to help pay off Britain’s national debt, but nine years ago its trustees applied to the Charity Commission to change its constitution so it could donate money to charities around the UK.

The Attorney General was in turn approached but no action has been taken by the Government yet.

Further information about the National Fund can be found on the Civil Society website  and on the Charity Commission website.