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.
Church of England announces £100m fund after slavery links https://t.co/Ohk7Rui58H
— BBC News (UK) (@BBCNews) January 10, 2023