Funding news

Big Lottery Fund to launch £200m fund for community groups - 8 July 2010

The Big Lottery Fund will this month announce the first 50 communities to benefit from a £200m fund which will give residents power over funding projects.

The 'BIG Local' funding stream will provide funds for 50 geographical areas which have traditionally not received much money from BIG in recognition, according to chief executive Peter Wanless, that sometimes BIG has been compelled to fund projects with the best application, rather than those addressing the greatest need.

Communities will have up to ten years to spend the money allocated to them via BIG Local.

A trust will be established to administer the grants in the next 12 to 18 months. Other communities will be invited to make expressions of interest in being funding this month.

For further information see the Third Sector and Civil Society articles.