Written answers

Tuesday, 20 June 2017

Department of Arts, Heritage and the Gaeltacht

Dormant Accounts Fund Grants

Photo of Eamon ScanlonEamon Scanlon (Sligo-Leitrim, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

989. To ask the Minister for Arts, Heritage and the Gaeltacht the status of an application by an organisation (details supplied) for funding under the dormant accounts fund; and if she will make a statement on the matter. [28906/17]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
Link to this: Individually | In context | Oireachtas source

In February 2017, Pobal, on behalf of my Department, invited applications for funding under the Social Enterprise measure of the Dormant Accounts Action Plan.  The aim of the Social Enterprise measure is to increase the impact of social enterprises by enhancing their capacity to delivery services and generate traded income through the provision of small capital grants and capacity support funding. 

Arising out of the call for proposals, a total of 193 applications were received.  The call was significantly oversubscribed.  Based on a comprehensive independent assessment and ranking of the applications by Pobal against the published assessment criteria, Dormant Accounts funding was disbursed to total of 42 projects.  The cumulative grant value of these projects is €1.648 million. Pobal have written to all applicants to inform them of the decision.

Due to the level of interest in the measure, only the highest scoring applications were successful in being approved for funding. Unfortunately, the project in question did not meet the required level to be funded on this occasion.

Photo of Eamon ScanlonEamon Scanlon (Sligo-Leitrim, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

990. To ask the Minister for Arts, Heritage and the Gaeltacht if a charity (details supplied) is to be considered for funding under the dormant accounts fund; and if she will make a statement on the matter. [28937/17]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Unclaimed Life Assurance Policies Act 2003 and the Dormant Accounts (Amendment) Acts 2005-2012, provide a framework for the administration of unclaimed accounts in credit institutions (i.e. banks, building societies and An Post), and unclaimed life assurance policies in insurance undertakings. The Dormant Accounts Fund is managed by the National Treasury Management Agency. The Acts provide for the disbursement of funds 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.

My Department's role in relation to the Dormant Accounts Fund is to prepare a Disbursement Scheme every three years, setting out the objectives to be achieved by making disbursements from the Dormant Accounts Fund and the strategies for achieving those objectives. My Department also co-ordinates the preparation of annual Action Plans in line with the three-year Disbursement Scheme. The Action Plans contain the details of specific programmes and projects to be funded across Government Departments with the support of the Dormant Accounts Fund. It is a matter for the relevant Government Departments to advertise the details of their programmes and invite applications for funding once the Action Plan is approved each year.

My Department is currently finalising a new Dormant Accounts Action Plan for 2017, following a detailed consultation process across Government Departments. It would appear that any funding available from the Dormant Accounts Fund for the organisation referred to by the Deputy might be appropriate to schemes operated by the Department of Health. Any further enquiries in relation to the matter would be best addressed to that Department.

Comments

No comments

Log in or join to post a public comment.