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First Dormant Accounts Fund NI grants awarded
A faith-based charity, an Irish language and cultural organisation and a theatre company are the first organisations to be awarded grants from The Dormant Accounts Fund NI.
The programme, delivered by The National Lottery Community Fund in conjunction with the Department of Finance, is supporting the voluntary, community and social enterprise (VCSE) sector to be more resilient and prepared for the long-term future.
East Belfast Mission has been awarded a £99,921 grant to support the long-term sustainability of their Hosford Homelessness Services, An Gaeláras in Derry/Londonderry, has been awarded £76,000 to improve their financial resilience by increasing opportunities to generate income and Pintsized Productions Ltd in north Belfast has been awarded a £2,700 grant to improve the skills of Board members.
East Belfast Mission is one of the first organisations to receive funding from the Dormant Accounts Fund NI. Left-Right: Tom Dinnen Finance and Admin Project Worker East Belfast Mission, Aidan Byrne Homelessness Services Manager East Belfast Mission, Andrea Donnan Homelessness Services Deputy Manager East Belfast Mission.
Dormant accounts are UK bank and building society accounts that have been untouched for 15 or more years, where customers who own the accounts cannot be traced. Over £20 million is currently available and money will continue to be released each year to support the long-term sustainability of the VCSE sector.
As part of the first phase, organisations can apply for up to £100,000 as part of a flexible and responsive grant programme to help them adapt to future challenges and be more financially resilient.
Original article link: https://www.tnlcommunityfund.org.uk/news/press-releases/2021-04-20/first-dormant-accounts-fund-ni-grants-awarded
