Funding news

£26m worth of unspent grants paid back to the Big Lottery Fund - 2 March 2010

Third sector organisations have returned more than £26m in unspent grants to the Big Lottery Fund over the past six years.

The figures, revealed after a request by a charity beneficiary under the Freedom of Information Act, show that more than 7,000 organisations returned a total of £26.2m between 2004/05 and 2009/10.

The average was £3,600, but one organisation returned £1.8m in 2004/05. Others have returned up to £200,000 each, according to a BLF spokeswoman. Except for 2004/05, when £6.6m was handed back, the amount returned each year varied from £3.2m to £4.4m.

During the same period, the BLF awarded total grants each year of between £294m and £778m. In 2009/10, just over 1 per cent of the total amount awarded has so far been returned.


To read the full article, visit the Third Sector website