Decisions on the disbursement of funds from dormant accounts moneys are currently a matter for the dormant accounts fund disbursements board, an independent body established under the Dormant Accounts Acts. The board has engaged Area Development Management Limited to administer the initial round of funding on its behalf, which will involve the disbursement of up to €60 million from the fund.
I understand an application from the group concerned has been received by Area Development Managed Limited. All applications received will be evaluated by Area Development Management Limited against the criteria set out in the published guidelines and recommendations made to the dormant accounts fund disbursements board for decision. The group concerned will be advised of the outcome in due course.