Multi-year grants of up to £100,000 will be available to build organisations’ resilience and sustainability.
Visiting Footprints social enterprise in West Belfast this week, Minister Murphy said, “The establishment of the Dormant Accounts Fund is great news for the community, voluntary and social enterprise sectors.
“While the Fund currently is £20.5 million it will increase as further Dormant Funds are made available each year.
“Third sector groups are often limited to annual funding, causing constant uncertainty and hindering long-term planning.
“By offering multi-year funding, this Fund will give groups a bridge to become more financially sustainable.
“Ultimately this allows them to have an even greater impact on people’s lives,” he added.