The assurance comes following an admission made last week by a senior Whitehall official that the financial crisis had delayed plans to set up an agency to oversee a fund to collect the money.
A Treasury spokesman has since told CYP Now there had been delays with the scheme but it is still on track to start distributing cash early next year. He said: "Government intends the scheme to be operational as soon as possible."
Talks are currently ongoing with several institutions, including banks and building societies, in relation to setting up an agency. A government source said negotiations are at "a delicate stage".
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