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