Ministers are giving £4.5 million from dormant bank accounts to charities and voluntary organisations
The first grant of £1.5 million has been allocated to island charities from the Jersey Reclaim Fund.
It is part of a three-year funding package that will total £4.5 million between 2025 - 2027.
Announced last year by the Chief Minister and Minister for External Relations, the package hopes to provide sustained support to organisations
The fund is made up of balances from bank accounts that have lost contact with the customer for more than 15 years.
It's the first of three annual allocations of the same amount, allocated by the Jersey Community Foundation.
The first round of funding has been approved, with successful applicants to be notified this week.
The Minister for External Relations, Deputy Ian Gorst, who has responsibility for financial services, says it gives charities certainty:
“This allocation from the Jersey Reclaim Fund marks the beginning of a new phase of long-term support for our charitable and voluntary sector.
"By providing funding over the next three years, we are giving organisations the certainty they need to plan ahead, and also to invest in their own resilience in order to serve our Island community.
The 2025 funding will be allocated over two grant rounds. Information on applying for a grant can be found here.
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