Dormant Accounts Fund (DAF)
The Dormant Accounts Fund (DAF) was established by legislation and enables unclaimed funds from accounts in credit institutions in Ireland to be used to support,
– the personal and social development of persons who are economically or socially disadvantaged
– the educational development of persons who are educationally disadvantaged
– persons with a disability (within the meaning of the Equal Status Act 2000)
Under the Dormant Accounts Act 2012, the Minister for Rural and Community Development is responsible for the processes by which Government approves measures and projects to which funding may be disbursed under DAF.
The Department of Rural and Community Development is required to prepare a three year DAF Disbursement Scheme that sets out the measures to be implemented under the Fund, and an annual Action Plan to give effect to the scheme.
Funding for Training and Mentoring for Social Enterprises
As part of the DAF Action Plan for 2018, the Department of Rural and Community Development has granted €800,000 to provide Training and Mentoring Supports for Social Enterprises (TMSE) Pilot.
This is a pilot scheme to support social enterprises to grow and enhance their services and their traded income by providing tailored supports, mentoring and training. This training measure follows the publication earlier this year of the first National Social Enterprise Policy for Ireland 2019 – 2022.
Projects nationwide have been successful in their application for funding to deliver programmes between 1st January and 30th June 2020. A list of the projects funded is available from the Department of Rural and Community Development website (insert link here).
- DAF Key Requirements for Measures 1,2 and 4 777.34 KBLast Updated 4th December 2019
- DAF Measures 1,2 and 4 Grantees 275.54 KBLast Updated 4th December 2019
Speedpak Group operates commercial businesses (Speedpak Contract Services www.speedpak.ie and Shamrock Rosettes www.shamrockrosettes.com) to support long term unemployed people get back to work by providing real work experience, accredited industry training, mentoring and tailored supports. The combination of trading and training transforms lives. Matching local talent with available…View Case Study