Dáil Éireann Debate, Tuesday - 2 May 2017
752. Deputy Eamon Scanlon asked the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs the status of an application for funding (details supplied) under the Dormant Account Fund; and if she will make a statement on the matter. [20389/17]
View answerThe Dormant Accounts legislation provides for the disbursement of funds from unclaimed accounts in credit institutions (i.e. banks, building societies and An Post) and unclaimed life assurance policies in insurance undertakings, for the purposes of programmes or projects 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.
Earlier this year, I announced a new round of funding of €1.75 million from the Dormant Accounts Fund to support social enterprises that provide services to, or employment opportunities for, disadvantaged people. The measure will be managed by Pobal on behalf of my Department
I can confirm from the details supplied by the Deputy that an application has been received under the Social Enterprise Measure. All applications received are currently being assessed by Pobal in accordance with the published criteria. Applicants will be notified of the outcome of the process as soon as possible.
