€93.5 million in funding in 2020 to help address disadvantage
On Friday 18th June 2021, Joe O’Brien TD, Minister of State at the Department of Rural and Community Development, published the 2020 Dormant Accounts Fund Annual Report.
The Dormant Accounts Fund is used to fund measures that address economic, social, or educational disadvantage and to support people with a disability. In 2020 expenditure from the fund amounted to €93.5 million and the Annual Report details how that money was spent on Dormant Accounts measures over the year across 10 Government Departments.
Publishing the Annual Report today, Minister O’Brien said:
“In 2020 over €93 million was provided for vital projects across Ireland to address a diverse range of issues such as long term unemployment, youth disadvantage, migrant integration and probation supports to prevent re-offending. The report I’m publishing today provides the detail of that expenditure and how different Government Departments have utilised the funding to enhance social inclusion and address disadvantage.”
The Minister continued:
“Dormant Accounts funding makes a real difference to individuals and communities right across the country. It is helping vulnerable individuals, supporting social inclusion, and strengthening our communities. The fund was particularly important last year in that it allowed €50 million in grant supports which assisted charities, community and voluntary organisations, and social enterprise to contribute to the community response to the COVID-19 pandemic.”
The Dormant Accounts Fund Annual Report 2020 is available here