€5m under Dormant Accounts Fund announced
19 June 2015
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Five million euros from the Dormant Accounts Fund, has been made available to provide a range of supports for disadvantaged groups and local communities, it was announced today.
 
The Department of the Environment, Community and Local Government (DECLG) together with the Department of Social Protection (DSP) and the Department of Health (DOH) will sponsor the new round of funding, which includes measures to promote youth employment; supports for home carers; capital grants for social enterprises; initiatives to prevent substance misuse; and supports for people with disabilities.
 
The eight new measures will be administered and managed by Pobal, who today stated that applications will be open to eligible community and voluntary sector organisations, local development companies and statutory and other public agencies from 1st July with a closing date of 22nd July 2015. Pobal will also be providing a series of four regional pre-application information meetings which will take place during the month of June.
 
Full details on each of the eight Measures, the online application process, and how to register for the pre-application meetings are available on the Dormant Accounts Fund page.

Media contacts:
Daniel English -  denglish@pobal.ie,  01 5117315 M +353 (0)86 3544954
Bernie Furlong, -  bfurlong@pobal.ie,  01 5117135 M +353 (0)87 2549148

The Dormant Accounts Fund is a scheme for the disbursement of funds that are unlikely to be claimed from accounts in credit institutions in Ireland i.e.  Bank, Building Societies and An Post. The fund is administered under the 2001 Dormant Accounts Act, together with the Unclaimed Life Assurance Policies Act 2003 and the Dormant Accounts (Amendment) Acts 20052012 and is under the statutory functions of the Minister of the Environment, Community and Local Government with effect from the 1st January 2013. The New Dormant Accounts Disbursement Scheme 2010-2016 was announced on the 16th December 2013 and will apply for a maximum of three years and sets out the objectives to be achieved by making disbursements from the Fund.

In each year monies may be disbursed in accordance with Part 6 of the 2012 Act, from the Account, but only for the purposes of programmes or project to assist:-

• The personal and social development of persons who are economically or socially disadvantaged

• The educational development of persons who are educationally disadvantaged or

• Persons with a disability (within the meaning of the Equal Status Act 2000)

The Dormant Accounts Action Plan 2014 has been adopted by the Minister for the Environment, Community and Local Government which outlines the measures (programmes) and amount of funding which can be allocated to project proposals which meet the requirements and criteria under each measure in 2015.