Funding news

Croydon council reduces Stronger Communities funding and plans transition fund for hard-hit charities - 19 July 2010

Croydon Council has set out plans to create a £350,000 transition fund for voluntary sector organisations, intended to help them deal with a 66 per cent reduction in Stronger Communities grants

At a Croydon cabinet meeting last week, council leaders at the Conservative-led authority accepted a recommendation for a reduction of 66 per cent in its Stronger Communities grants fund, which will fall from £1.8m a year to £625,000 a year over the next four years.

But the cabinet also recommended the creation of a £350,000 fund to help voluntary sector organisations deal with the cuts. Both proposals will go to the full council for final approval tonight.

A council spokeswoman said the transition fund should address concerns that only six organisations are set to receive grants under the proposed new funding arrangements, despite receiving 167 applications from 126 groups.

She said the fund would "assist those organisations most affected by the reductions in grant funding, including those organisations that need help in accessing new commissioning opportunities that the council intends to bring forward in the future".

More specific details, such as how the money will be administered, are set to be confirmed by the end of August.

To read the full article, visit the Third Sector website.