29 October 2024
The Chief Minister and Minister for External Relations intend to allocate £4.5 million from the Jersey
Reclaim Fund, which will be distributed to local charitable and voluntary organisations over the next
three years.
Set up in 2017, the Jersey Reclaim Fund is administered by the government and made up of balances
in dormant bank accounts in Jersey where contact has been lost with the customer for more than 15
years.
The funds will be allocated by the Jersey Community Foundation (JCF).
The Ministers now wish to provide a three-year funding package for 2025 – 2027 of at least £4.5m to
provide sustained support to charities and voluntary organisations, and appropriate arrangements
are being made to enable the change to be implemented. As well as supporting the community,
charities can use part of their grants to sustain or strengthen the resilience and sustainability of their
organisation.
The Minister for External Relations, Deputy Ian Gorst, who has responsibility for financial services,
said: “This package will provide increased financial support for charities and voluntary organisations
over a longer period, increasing confidence and recognising their invaluable contribution to our
society. I’m grateful to all those financial services institutions who support the Reclaim Fund, and to
the JCF for their continued work.
“We are also discussing with the JCF other schemes to match fund large private donations, and hope
to have further announcements later in the year.”
The Chief Minister, Deputy Lyndon Farnham, said: “The Jersey Community Foundation has
supported more than 450 recipients since it was established in 2020, helping charities and voluntary
organisations to continue their central role in the life of our Island.
“Against the backdrop of recent economic conditions, this government is committed to increasing
and strengthening support for the sector.”
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