London Daily

Focus on the big picture.
Sunday, Jul 06, 2025

Church of England announces £100m fund after slavery links

Church of England announces £100m fund after slavery links

The Church of England is pledging £100m to "address past wrongs", after its investment fund was found to have historic links to slavery.
The funding will be used to provide a "better and fairer future for all, particularly for communities affected by historic slavery".

A report last year found the Church had invested large amounts of money in a company that transported slaves.

Justin Welby said it was "time to take action to address our shameful past".

The Archbishop of Canterbury previously called the report's interim findings a "source of shame" in June 2022.

The investigation, which was initiated by the Church Commissioners, a charity managing the Church's investment portfolio, looked into the Church's investment fund, which back in the 18th century was known as Queen Anne's Bounty.

It found that by 1777, Queen Anne's Bounty had investments worth £406,942 (potentially equivalent to around £724m in today's terms) in the South Sea Company.

The report estimated that the South Sea Company transported 34,000 slaves "in crowded, unsanitary, unsafe and inhumane conditions" during its 30 years of operation.

As a result, the Church Commissioners announced on Tuesday it was committing £100m over the next nine years to a new programme of investment, research and engagement.

It said it will also fund further research, including into the Church Commissioners' history, to support dioceses, cathedrals and parishes to research and address their historic links with slavery.

Growth made on the fund will also be spent into grants for projects helping communities adversely impacted by historic slavery.

Mr Welby said: "The full report lays bare the links of the Church Commissioners' predecessor fund with transatlantic chattel slavery.

"I am deeply sorry for these links.

"It is now time to take action to address our shameful past."

The Bishop of Manchester, the Right Reverend Dr David Walker, deputy chairman of the Church Commissioners, also said he is also "deeply sorry" for the fund's "shaming" historic links to the slave trade.

He added: "We hope this will create a lasting positive legacy, serving and enabling communities impacted by slavery."
Newsletter

Related Articles

0:00
0:00
Close
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
×