The Island's good causes are set to get a £657,000 windfall from bank accounts that haven't been touched for 15 years.
New laws were passed in 2019 allowing the Treasury to take control of dormant bank accounts, with the money going to charities.
So far, more than £4 million has been released by banks, and the Manx Lottery Trust is about to pay out the first cash from the fund.
The Trust is now deciding which grant applications will be given some of the money.
Bank deposits up by nearly £3 billion on last year
Island sanctions Israelis for Palestine human rights breaches
Last chance to give government your views on high streets
Regulator releases new anti-money laundering guides
New advice for businesses on company ownership laws
Are you loyal to your bank?
Health & Safety regs to be eased for some self-employed?
Security focus for Island cyber-conference this year
Comments
Add a comment