CSV is paid £100k interest on grant

The Department of Health has agreed to pay CSV interest on a £3.7m grant it withheld from the volunteering charity for 10 months.

Care services minister Ivan Lewis confirmed on Monday that the interest, thought to total more than £100,000, would be paid this week.

"I have agreed in principle that any loss of interest incurred by CSV as a result of the undue delays should be reimbursed," he said.

"Finance specialists from the department and CSV are working together to confirm the precise amount involved, and I expect the appropriate payment to be made within the next few days."

The settlement, which is believed to be the first of its kind, comes one month after CSV invoiced the DoH for interest on delayed funds for its capital volunteering programme.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus