Commission on Unclaimed Assets

The Commission on Unclaimed Assets (CUA) is an independent commission set up in November 2005 and chaired by Sir Ronald Cohen to propose recommendations for the use of monies in financial institutions in the UK that have been untouched by their owners for a considerable period of time. Countries including the US, Ireland, Australia, New Zealand and Spain have legal frameworks in place for putting these assets to productive use.

Report of the Commision for Unclaimed Assets: 14 March 2007
In this report, the commission is proposing investment across the whole of the third sector. The earlier focus on poor communities and community asset building has been somewhat weakened. Nevertheless, the commission is proposing that a new Social Investment Bank be set up, and that one of its priorities should be to develop programmes of work in community regeneration, in particular to support community anchor organisations. The commission's recommendation is to make £70m available for this purpose.
To read the full report click here.