The Dormant Accounts Action Plan is funded through unclaimed accounts in credit institutions such as banks, An Post, building societies as well as unclaimed life assurance policies. A fund of almost €55 million which will benefit disadvantaged communities and vulnerable groups throughout Ireland has been published by the government.
Of this €55 million, €3.8 million has been allocated to Education. This represents an increase of almost €1.8 million on the 2022 allocation.
Of this amount over €1.4 million will be used to continue the City Connects Pilot Programme in a number of primary schools in Dublin’s North East Inner City. This initiative will be focussing on the impact of poverty and educational attainment.
A pilot project aimed at establishing closer links between mainstream and special schools will be awarded €500,000.
A range of measures will also be introduced to support greater inclusion of Traveller and Roma students in post-primary education.
Other initiatives to be funded in 2023 include The Foroige Network for Teaching Entrepreneurship, The School Completion Programme, The City of Dublin ETB Migrant Integration Project amongst others.
These measures demonstrate the major impact that dormant accounts funding can have in the lives of many who most need that support and especially so in these difficult times.