About the Fund

The CHASE Fund was established in late 2002 by way of provisions in the Betting, Gaming and Lotteries Act.   Until recently, the Fund received a percentage of the proceeds from the gaming industry, which it used to invest in five defined areas of national life; Culture, Health, Arts, Sport and Early Childhood Education.  Since April 1, 2017, the Fund operates from a subvention from the Consolidated Fund.

The resources received are allocated in the following proportions:

15%

Arts and Culture

In the area of Arts & Culture, the CHASE Fund provides financial support to projects which lead to improvement of libraries, archives and documentation facilities; which seek to restore and maintain the country’s historic sites and monuments; as well as scholarships for advanced programmes in the visual, performing and fine arts.

20%

Health

In respect of Health, the CHASE Fund manages financing for projects which include: building, upgrading, restoring and equipping health facilities, providing training for healthcare practitioners; promoting healthy lifestyles; and developing and implementing programmes related to renal disease and cancer prevention, detection, treatment and care.

25%

Early Childhood Education

The Fund also places a heavy and strategic emphasis on Education projects at the critical early childhood level. Projects are focused on building, upgrading and equipping early childhood institutions and resource centres; supporting the development of early childhood materials to enhance the cognitive development of children; improving the nutritional status of pupils in Basic and Infant schools, including those in infant departments within Primary and All Age schools; and providing scholarships for specialist training in Early Childhood Education.

40%

Sports Development

In relation to Sports development, the Fund disburses monetary contributions to the Sports Development Foundation (SDF) for the benefit of various sporting interventions.