Government announces new Youth Investment Fund
The Government has announced that a new £40 million Youth Investment Fund will be created in partnership with the Big Lottery Fund.
The fund will support opportunities for young people to get involved in their communities and gain new experiences, to support their personal development, build character and help them succeed in the future.
Local voluntary youth groups will be able to bid for a share of the funding. Winning youth projects could include clubs offering activities from football to basketball, arts and drama courses, enterprise training or volunteering opportunities such as encouraging healthy living in their area or supporting charities and awareness campaigns.
The initiatives will be jointly delivered by the Government and the Big Lottery Fund. £40 million will go towards the new Youth Investment Fund, targeting disadvantaged communities across England, while an additional £40 million will provide continued support for Step Up to Serve's #iwill youth social action camp
The £40 million Youth Investment Fund (YIF) will be open to projects in targeted disadvantaged communities, with funding available up to 2020 to help organisations invest and plan for the future. Young people will be involved in the design and decision-making of the new fund, with the first awards expected to be made in spring 2017.
Further information will be announced later in September.
Source: Big Lottery Fund website