Response to Dormant Assets Policy Direction
On 15th October 2025, the Government issued a Policy Direction confirming an allocation of £87.5 million of Dormant Assets to Access to grow social investment in underserved places and communities. This includes £12 million of scale-up funding for Pathway Fund in line with the aspirations set out in the Community Enterprise Growth Plan (CEGP).
This is a landmark moment that enables us to move forward with our plans to deploy this vital capital to Black and Ethnically Minoritised (BEM) communities and turn the vision outlined in our upcoming 2026-2029 strategy into a reality. This confirmation enables us to establish a sound architecture for long-term racial equity, as the UK’s first BEM-led social investment wholesaler.
Our Immediate Next Steps
Regional follow-ups: We will update our regional listening event partners before publishing our regional insights syntheses later this month.
Formal strategy launch: We will host a hybrid launch event for our new strategy on 11th November 2025 to share our organisational strategy, vision and deployment plans with partners, funders, and communities.
Preparation and launch of call for applications: We are preparing for our first funding call, the call for applications for Wave 1 programmes will open in Q1 2026, following the signing of formal grant agreements.
This is a pivotal moment in our mission to build a more equitable economic future. The confirmation of this funding allows us to move from strategy to implementation, working alongside our partners and communities to unlock the vast potential within BEM-led enterprises across the country. We look forward to building a social investment ecosystem that is truly inclusive, catalysing community wealth and driving systemic change for generations to come. Join us in making this vision a reality.
If you have any questions, please reach out to us at impact@pathwayfund.org.uk.