National Lottery Good Causes funds boosted by cash from dormant bank accounts

February 19, 2010 by  
Filed under Lottery News

Money from dormant bank accounts and savings accounts is to be seized by the UK Government and distributed via the various National Lottery Good Causes funds. The Good Causes funds are usually supplied with money from the National Lottery’s various games and draws and are used to support local and national projects around Britain but now the National Lottery Good Causes funds are to be boosted by cash from dormant bank accounts.

In just a few months time the UK Government will order the seizure of approximately £850 million from bank accounts which are deemed dormant. Any bank account or savings account which is held in the UK but has seen no activity for the past 15 years will be deemed dormant and any funds which are held within it will be transferred to the various Good Causes funds managed by the National Lottery and its operator, Camelot.

The National Lottery Good Causes funds offer assistance to many projects throughout the UK through the many Good Causes funds which include; Arts Council England, Arts Council of Northern Ireland, Arts Council for Wales, Scottish Arts Council, Scottish Screen, UK Film Council, Sport England, Sport Scotland, Sports Council for Wales, Sports Council Northern Ireland, UK Sport, Heritage Lottery Fund, Big Lottery Fund and the Olympic Lottery Distributor.

Whenever you buy tickets for any of the National Lottery’s various games and lottery draws you are helping numerous good causes and projects around the UK, whether you visit your local retailer to buy ticket or if buy online lotto tickets. This means that even if you don’t become one of the latest lottery winners you will still be playing your part in helping Great Britain to remain great.