Funding news

Government response to petition - 'Defend funding' - Thursday 24 May 2007

The government has responded to an e-petition that called for lottery funding for the voluntary sector to be safeguarded in light of the increasing costs of the 2012 Olympics:

The vast majority of new funding will come from the Government. In total, central Government provision will be £6 billion. Alongside the increased Government contribution, the Lottery will make a further contribution of £675 million.

The majority of the lottery contribution (£425 million) will come from the Big Lottery Fund. As Tessa Jowell noted on the 15 of March, we have agreed with the Big Lottery Fund that resources for the VCS would be protected from this transfer. The amount going to the VCS will therefore continue at the levels planned. Given your concerns, we hope that you will welcome this approach.

Read full article:

http://petitions.pm.gov.uk/Defend-funding/