Dáil Éireann Debate, Tuesday - 27 July 2021
3435. Deputy Mark Ward asked the Minister for Rural and Community Development if she will address matters (details supplied) in relation to the Covid-19 Stability Fund; and if she will make a statement on the matter. [39399/21]
View answerThe Government is aware of the challenges facing community and voluntary organisations and is committed to working closely with the sector in managing through these, recognising that it will require a whole of Government approach. To that end, Government and my Department have introduced a wide range of supports to assist sectors in dealing with the impact of COVID-19 and social restrictions necessary in the interests of public health.
During 2020, the Dormant Accounts funded COVID-19 Stability Fund supported close to 600 organisations to continue to deliver vital services to the communities that depend on them. An additional allocation of €10m has been provided to the Stability Fund for 2021 as part of the revised Resilience and Recovery plan announced on Tuesday 23rd February by an Taoiseach.
The COVID-19 Stability Fund 2021 was launched on Thursday 6th May and open for applications from May 20th -27th, and is again targeted at organisations which deliver critical services to vulnerable people within their community but which now face closure or a loss of service due to the impact of the pandemic. This funding is targeted at supporting not-for-profit organisations to continue to meet non-pay current commitments on overhead costs only. The applicant information document which contains the criteria outline for the Stability Fund is attached for information.
I was pleased to announce tranche one of funding to 180 successful applicants on 9th July 2021, allocating close to €4.5m in funding. Remaining applications are currently being appraised and assessed and outcomes will be notified in due course. There is no further round of funding expected at this time.
A summary of both rounds of the Stability Fund can be found in the table below; please note ineligible organisations were determined based on the scheme criteria and the reference to withdrawn organisations identifies organisations that withdrew from the application process for a variety of reasons. The total allocation in respect of the 2020 Fund remains to be finalised but is currently estimated at just under €42M.
|
Stability Fund 2020 |
Stability Fund 2021 |
|
|
Number of Applications Received |
1,060 |
517 |
|
Number of Organisations Allocated Funding |
594 |
180 |
|
No of Organisations Ineligible or withdrawn |
466 |
Process Ongoing |
|
Total Amount Allocated to date |
Circa €42M |
€4,465,341 |
All allocations will be published on the Gov.ie website and the list of organisations funded under the Stability Fund for 2020 and to date in 2021 can be found at the link below;
www.gov.ie/en/publication/3957e-covid-19-stability-fund-successful-applicants/
In general, I would encourage all organisations to continue to engage with their Local Authority and Local Development Company, and to check on the Gov.ie website in order to be aware of funding opportunities as they become available.
