Money that was sitting unclaimed in dormant Co-op share accounts is being given to community projects in the Channel Islands.
These dividend balances can be from people who have left the islands, or who have passed away.
Members voted for the rule change at an annual meeting a few years ago, allowing the Society to put the cash to good use.
Six groups are sharing the first £69,000, aimed at larger ecological initiatives.
The 'Community Impact Fund' is in addition to the existing Community Fund, which offers smaller grants to groups in Jersey and Guernsey.
Simon Matthews, Chief Property and Sustainability Officer of CI Coop, says there is a 'good sum' that can be allocated 'over time':
"We see this fund sticking around from the foreseeable future and being able to contribute on an annual basis.
"As the rules of 'dormant' become more established, and accounts cross that threshold, it is possible that more and more funds will be put into this account in due course."
The Community Impact Fund will offer up to £25,000 to larger projects that have a 'clear and lasting community benefits.
In Jersey, the first recipients are:
Jersey Island Geopark's educational publications and trails -£10,000 to produce UNESCO aligned educational materials, walking guides, digital resources, and accessibility‑friendly Geotrails.
GROW Jersey's accessible planters project - £10,000 to create wheelchair‑friendly raised‑bed growing area.
Jersey Trees for Life, tree canopy and habitat restoration - £10,000
National Trust for Jersey's 90th anniversary community celebrations & ‘90 Faces’ exhibit - £9,000
Jersey Transport – Mobility grant for a town buggy - £7,500 over two years to improve access to town for people with disabilities.
In Guernsey, the first recipients are:
Guernsey Nature Commission, Biodiversity support for landowners- £10,000
National Trust for Guernsey, Land remediation on south coast cliffs - £5,000
If you think you have a dormant account, please contact hello@channelislands.coop.
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