Funding news

Lottery good causes cash faces further £2bn shortfall - Friday 4 May 2007

Lottery funding for good causes raised during the present seven-year licence period to 2009 could suffer a massive shortfall, new estimates reveal.

Even if Camelot's present ticket sales are maintained, the total going to charities has been estimated at £9.6bn, £2.6bn less than the £12.2bn it predicted during the bidding process.

The estimate – from analysis by the Financial Times – is £900m less than the £10.5bn raised in Camelot's first seven-year licence period, and does not take into account the £2.2bn to be diverted from good causes to pay for the Olympics.

Read the full article here: http://www.thirdsector.co.uk/news/Article/655184/Lottery-good-causes-cash-faces-further-2bn-shortfall/