Larne Social Enterprise and Community Care Center share £ 200,000 in support funding
Dormant accounts are UK bank and building society accounts that have not been touched for 15 years or more, where customers who own the accounts cannot be traced.
The fund, which is administered by the National Lottery Community Fund in conjunction with the Department of Finance, helps the community and social enterprise voluntary sector (VCSE) be more resilient and prepare for the future.
One of the groups receiving funding is the Larne Community Care Center. They use a grant of Â£ 99,952 to assess the organization’s current position and develop a plan to implement changes to ensure the long-term sustainability of the organization. Over three years, the group will adapt service delivery to reach new users and create a succession plan for each critical role within the leadership team.
They will upgrade their IT system so that they can work more efficiently and collect data for learning and implement a digital marketing plan to reach their target audience. This includes developing a website, using social media, and ensuring that existing staff develop the skills necessary to maintain them.
Access Employment Limited also received Â£ 96,843 to diversify its business, looking at opportunities to expand existing work or develop new businesses, generating income to become more sustainable. The organization helps people with disabilities, health problems or living in socially disadvantaged areas to find employment through their social enterprises.
For two years, they will develop and implement a marketing plan and explore options to diversify their product line around the personalized gifts market. They will also upgrade their IT systems to improve efficiency and train and develop their staff, so that they can take advantage of opportunities that arise in the market, supporting their long-term resilience.
Paul Sweeney, NI President of the National Lottery Community Fund, said: âWe know that many organizations try to plan for the long term and think about the changes they need to make to become more resilient and sustainable. These changes require leadership, strategic planning, new skills and strong governance. These are things for which funding is often not available.
âThe Dormant Accounts Fund provides flexible, multi-year funding to enable a wide range of organizations to plan for a more secure future.
Finance Minister Conor Murphy said, âThese projects show the value of the Dormant Accounts Fund NI. The ability to provide multi-year funding is essential in helping community groups like this become more sustainable. I would encourage other organizations that have plans to build their long-term resilience to consider applying for the program. ”
As part of this first phase of NI support from the Dormant Accounts Fund, organizations can apply for up to Â£ 100,000 through a flexible and responsive grant program. For more information visit: www.tnlcommunityfund.org.uk/funding/programmes/dormant-accounts-ni
Click here to read: Â£ 25,000 in support of Larne’s social enterprise after 12 week wait
Thank you for reading this article. We depend on your support more than ever, as the change in consumption habits caused by the coronavirus is having an impact on our advertisers. Please consider purchasing a copy of the document. You can also support trusted and verified journalism by subscribing to a digital subscription of the Newsletter.