Funding news

New Olympics raid 'could cost the sector 315m' – Wednesday 10 January 2007

Sir Clive Booth, chair of the Big Lottery Fund, has issued his strongest warning yet about the consequences for the voluntary sector if the fund is forced to divert more money from good causes to cover the extra costs of staging the 2012 Olympics.

A BLF statement said the sector would find itself "seriously under-resourced" if the fund were expected to cover a proportion of the reported £900m increased costs of the Olympics' infrastructure.

Read the full article here: http://www.thirdsector.co.uk/Channels/Finance/Article/628577/New-Olympics-raid-could-cost-sector-315m/