C of E setting up £100m fund to ‘address past wrongs’ of slave trade links

Church to back community projects to compensate for financially benefiting from chattel slavery

The Church of England has committed 100m to a fund it is setting up to compensate for its historical benefit from the international slave trade.

A report for the Church Commissioners, the body that manages the C of E's 9bn-plus endowment fund, traced the origins of the fund partly to Queen Anne's Bounty, a financial scheme established in 1704 based on transatlantic chattel slavery.