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Recovered Assets Fund

Volume 406: debated on Tuesday 10 June 2003

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To ask the Secretary of State for the Home Department what financial benefits from the confiscation of criminals' assets have been designated to the Recovered Assets Fund; what this money has been spent on; and if he will make a statement. [117683]

A total of £14.5 million of receipts recovered from confiscated criminal assets was distributed through the Recovered Assets Fund (RAF) in the year 2002–03. 48 projects received funding under the scheme. Grants were allocated to projects under the following RAF criteria:

Asset Recovery—six projects at a cost of £1.6 million;
Pro-active anti-drugs projects—16 projects at a cost of £6.5 million;
Innovative law enforcement and crime reduction—15 projects at a cost of £5.4 million;
Community regeneration and crime reduction—11 projects at a cost of £964,000.