Written answers

Tuesday, 1 June 2010

Department of Community, Rural and Gaeltacht Affairs

Dormant Accounts Fund

10:00 am

Photo of Jack WallJack Wall (Kildare South, Labour)
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Question 352: To ask the Minister for Community, Rural and Gaeltacht Affairs his views on correspondence (details supplied); his plans to address the concerns raised; if an extension of the programme will be favourably considered; if so, when this will occur; and if he will make a statement on the matter. [22997/10]

Photo of Pat CareyPat Carey (Dublin North West, Fianna Fail)
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The Dormant Accounts Fund Acts provides for an annual transfer by credit institutions and insurance undertakings of monies in accounts determined to be dormant into the Dormant Accounts Fund (DAF). Since its establishment in May 2003 to end-March 2010, the net transfers to the DAF have totalled some €326m. The projects to which the Deputy refers are currently funded under a measure managed by the Department of Communications, Energy and Natural Resources. The projects in question received approval for grants totalling some €93,000 of which some €27,000 was for capital needs and the balance of some €66,000 for operational purposes.

The nature of funding received from the Dormant Accounts Funds is that is it once-off in nature and this is made clear to projects at the time of application. My understanding is that the Minister for Communications, Energy and Natural Resources has no plans to extend the funding available to the measure from which funding was provided in the cases referred to. Further details of the projects to which funding has been allocated to date and a summary of the status of the DAF are available on my Department's website www.pobail.ie/en/DormantAccounts.

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