Sail Training Ireland is among the organisations to benefit from the latest round of grants from the Dormant Accounts Fund.
The training organisation has been granted 50,000 euro through allocations to the Department of Defence.
The Civil Defence’s rigid inflatable boat (RIB) fleet will also benefit from a total grant of 400,000 euro to the organisation.
The grant also covers the Civil Defence’s fleet of vehicles, and has been allocated through the Department of Defence.
Some 51 different initiatives to the value of €44.8 million will be supported under the 2025 Action Plan for the Dormant Accounts, Minister of State at the Department of Rural and Community Development Joe O’Brien has said.
Money in the Dormant Accounts Fund can be used to fund measures that address economic, social, or educational disadvantage and to support people with a disability.
“The 51 measures approved for funding in 2025 will be implemented across Government and will help to address a diverse range of issues such as homelessness, traveller equality, youth disadvantage, migrant integration and sports measures for disadvantaged communities,”O’Brien said.
The Dormant Accounts Acts 2001-2012, together with the Unclaimed Life Assurance Policies Act 2003, 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.
