Dormant Accounts Fund NI22nd December 2020
Dormant Accounts Fund NI will support the voluntary, community and social enterprise (VCSE) sector in Northern Ireland to be more resilient and prepared for the future by funding activity that increases capacity and sustainability. Funding size is up to £100’000 for individual organisations and will open on 12th January 2021.
Dormant accounts are UK bank and building society accounts that have been untouched for 15 or more years, and where banks and building societies are unable to trace the customer who owns the account.
The National Lottery Community Fund received policy directions from the Department of Finance in September 2019. These funds are not derived from National Lottery activity. Around £20 million has built up over the past ten years.
Money from Dormant Accounts will continue to be released for distribution each year to increase capacity, resilience and sustainability in the Northern Ireland VCSE sector. Given that this is a rolling fund, they’re taking a phased and long-term approach to support the sector, based on learning.
You can apply if you are currently delivering services in Northern Ireland and are:
- an unregistered community or voluntary organisation
- a registered charity (unincorporated)
- a registered charity and not-for-profit company
- a not-for-profit company
- a Community Interest Company
- a Charitable Incorporated Organisation
Applications will open on 12th January 2021.