Dormant Accounts Fund contributes record €93m to social inclusion projects in 2020

The spend of €93.5m was made up of €50m for Covid-19 supports and €43.5m for normal dormant account measures, according to the fund's annual report. File picture: Brian Lawless/PA

A record €93m from the Dormant Accounts Fund was spent on measures to address disadvantage last year, the Department of Rural and Community Development has announced.

The fund is formed by money from unclaimed accounts in credit institutions such as banks, building societies, and An Post, and unclaimed life assurance policies in insurance undertakings.