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Bank of Ireland provides €1m in emergency funding in Covid-19 fight

Written by Robert McHugh, on 3rd Apr 2020. Posted in General

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It was announced today that Bank of Ireland is donating €1 million in emergency funding to communities with urgent needs arising from the Covid-19 pandemic.

In partnership with The Community Foundation for Ireland, the Bank is fast tracking €500,000 of the funds to 13 organisations that are working to support the immediate needs of vulnerable groups across the island of Ireland, north and south.

This support is being delivered to projects which will support children and older people, domestic abuse, rural isolation, cancer support, mental health, and food distribution.

The remaining €500,000 is being donated to The Community Foundation for Ireland and the Community Foundation for Northern Ireland’s Covid-19 Funds to help local charities and community organisations assisting vulnerable individuals and groups through this difficult period. The Community Foundations will launch these funds next week.

The organisations working on Covid-19 specific projects who have received funding from Bank of Ireland are Aware Northern Ireland, Cruse Bereavement Care NI, Age Action, FoodCloud, Irish Cancer Society, SAFE Ireland, St Vincent de Paul, Irish Rural Link, COPD Support Ireland, Children’s Rights Alliance, with a joint project being worked on by Asthma Society of Ireland, Cystic Fibrosis and Lung Fibrosis Ireland.

Commenting on the project, Group CEO at Bank of Ireland, Francesca McDonagh said, "A crisis like this presents a range of real challenges. Some are obvious, but other needs may be less visible. That’s why we are working with The Community Foundation for Ireland which has advised us on a wide range of social issues and needs that require immediate financial support."

She added, "As one of the largest employers on the island of Ireland, we want to practically support the communities where we live and work. We hope this will help some of those most at risk right now."

Source: www.businessworld.ie

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