Caranua, the Residential Institutions Statutory Fund Board, commenced accepting applications in January 2014 and there is no closing date for receipt of applications. While it is envisaged that Caranua will be dissolved when the moneys at its disposal are expended, the precise timing cannot be predicted and accordingly it was deemed preferable to introduce amending primary legislation to dissolve the body in due course and not anticipate in advance how long it will have to do its work.
Eligibility for assistance from Caranua is confined to those who received awards from the Redress Board or equivalent Court awards or settlements. This approach was taken having regard to the maximum funds available of €110 million and a potential pool of some 15,000 applicants. I intend to consider the question of a review of the arrangements relating to eligibility later this year by which time a clearer picture should have emerged regarding the uptake of the funding available. I understand that as of 31 March 2015 Caranua had received 4,232 applications of which 4,041 were deemed eligible and 75 were deemed not to be eligible, leaving 116 applications to be considered.