Church of England aims for £1 billion fund to address slavery legacy

The Church of England's initial £100 million fund to address its historical links to slavery is deemed insufficient by an oversight group, which calls for an increase to £1 billion.

An independent oversight group has recommended that the Church of England's reparations fund for its links to slavery be increased from £100 million to £1 billion.
The fund, initially set up to address past wrongs, will invest in disadvantaged black communities but will not offer cash compensation to individuals.
The Church Commissioners plan to disburse the £100 million over five years, aiming to attract co-investors to reach the £1 billion target.
The oversight group also calls for the Church to publicly apologize for its historical denial of black Africans' humanity and for attempting to destroy African traditional religious belief systems.
The initiative is seen as a multi-generational response to the legacy of transatlantic chattel enslavement, with hopes it will inspire other institutions to address their historical injustices.