Dáil Éireann Debate, Wednesday - 1 December 2004
188 Mr. Perry asked the Minister for Community, Rural and Gaeltacht Affairs if he has received an application for funding for Cregg House, Sligo through the dormant accounts fund disbursement; the negotiations that have taken place; when a decision will be made; the amount of funding that will be granted; and if he will make a statement on the matter. [31810/04]
View answerDecisions 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, or ADM, to administer the initial round of funding on its behalf, which involves the disbursement of up to €60 million from the fund.
I understand that an application relating to Cregg House, Sligo was received by ADM on 2 March 2004. That application is currently being evaluated against the criteria set out in the published guidelines. Following that evaluation process, a recommendation will be made to the dormant accounts board for decision. The group concerned will be advised of the board's decision in due course.
The board has to date approved 318 projects for funding totalling approximately €30 million. Over the coming months, further allocations will be made by the board up to a total figure of €60 million.
