Dormant Accounts Fund NI will support the voluntary, community and social enterprise (VCSE) sector in Northern Ireland to be more resilient and prepared for the future by funding activity that increases capacity and sustainability. They hope the programme will support organisations to adapt to future challenges and be more financially resilient.
Dormant accounts are UK bank and building society accounts that have been untouched for 15 or more years, and where banks and building societies are unable to trace the customer who owns the account.
Dormant accounts received policy directions from the Department of Finance in September 2019. These funds are not derived from National Lottery activity. Around £20 million has built up over the past ten years.
Money from Dormant Accounts will continue to be released for them to distribute each year to support capacity-building and increase resilience and sustainability in the Northern Ireland VCSE sector. Given that this is a rolling fund, they’re taking a phased and long-term approach to support the sector, based on learning. They are encouraging groups to take their time in developing an idea which will best fit their needs for the future.
Area: Northern Ireland
Funding size: Up to £100,000 for individual organisations
Total available: If you think you will need more than £100,000 for your project because you’re working in partnership, please get in touch.
Application deadline: 3rd March 2023