£16m Dormant Bank Account Fund to be set up in Northern Ireland

The Department of Finance has announced that a Dormant Account Fund can be hooked up to support initiatives inside the 0.33 sector in Northern Ireland.

Some £16m has been made available to the Northern Ireland fund from the dormant financial institution and building society money owed to fund paintings to assist resilience, capability, and sustainability in the zone.

Making the statement, permanent secretary Sue Gray, said: “Northern Ireland has a surely robust third sector this is doing super paintings and creating a nice and significant impact on so many human beings lives.

“A key precept of this £16m Dormant Account Fund is that it will likely be used to fund offerings that might not generally attract public cash – presenting an actual possibility for various firms consisting of community and voluntary companies and social businesses to get admission to investment. I would truly encourage the arena to convey forward their ideas to help form the plans for this fund.”

In May, the department hosted occasions with a huge variety of stakeholders from throughout the third sector to identify issues the fund have to deal with.

The National Lottery Community Fund has been directed by means of the branch to deliver the fund and will now similarly have interaction with the 1/3 region to increase a Strategic Action Plan for the scheme, so as to open this monetary yr.

Kate Beggs, The National Lottery Community Fund Northern Ireland director, stated: “We are overjoyed to get hold of instructions on Dormant Accounts from the Department of Finance, which permit us now to move forward with shipping.

“This will offer tons wished budget to increase ability, resilience, and sustainability within the third area, helping enterprises that perform crucial paintings in communities throughout Northern Ireland.”

She delivered: “We want to make certain this cash has the best impact feasible. Over the coming months, we can be attractive widely with the Voluntary, Community and Social Enterprise sector in order to design the program and draw up the desired Strategic Action Plan for shipping.”

Nordoff Robbins appoints Sandra Schembri as its new CEO
Musical therapy charity Nordoff Robbins has appointed Sandra Schembri as its new CEO.
Schembri joins Nordoff Robbins from The House of St Barnabas, whereas CEO during the last 10 years, she has overseen “gigantic transformation” and development of the organization, turning it into one of the UK’s leading social firms running within the homelessness quarter.
Earlier in her profession, she labored at Bloomberg, The Royal Academy of Arts and Ronnie Scott’s Jazz Club in a selection of profits generation roles. She is also a tune graduate from Middlesex University.

She will be part of Nordoff Robbins as incoming CEO on 7 October and, after a brief transition duration, the charities modern CEO, Julie Whelan, will officially stand down on 5 November.
During her 5-yr tenure, Whelan has doubled the variety of human beings the charity helps thru its music remedy and made positive it now employs greater tune therapists than ever.

She additionally led the hit merger with Nordoff Robbins’ sister organization in Scotland and overseen the launch of a third education base in Newcastle to go along with the setup centers in Manchester and London, which has also passed through first-rate preservation.
She said: “As a person who’s continually had a love of music I’m in reality excited with the aid of the chance of leading a charity that champions the high-quality effect it has on human beings’ fitness and wellbeing and constructing at the excellent work of Julie Whelan and her group over the last five years.

“But extra than that, I’m looking ahead to operating to make song remedy greater effectively to be had for people affected by existence-restricting illness, incapacity, and isolation.”
David Munns, chairman of Nordoff Robbins, added: “As the United Kingdom’s largest music remedy charity we’ve got bold plans to significantly increase get admission to to our offerings for people who need it maximum. Sandra became the stand-out candidate – she is a verified leader with the experience and power to assist us to obtain this purpose

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