Funding news

Office for Civil Society gives £1.25m in core funding to v - 29 March 2011

The volunteering charity v will receive £1.25m in core funding from the Office for Civil Society in 2011/12, and seek other income from donations and contracts.

The charity, which was set up in 2006 with £117m in government funding, was given £37m from the OCS last year.

The £37m was given to v to run a set of programmes that implemented the recommendations of the Russell Commission, which aimed to encourage more young people to volunteer.

V said in January that it was planning to cut its workforce from 65 to 32 in response to OCS funding cuts.

Jayne Colquhoun, corporate affairs director at v, said the £1.25m would go towards the charity's running costs. It would aim to raise other funding through donations from the private sector and by bidding for government contracts.

She said many programmes - which include vcashpoint, a small grant programme for youth groups, vtalentyear, a full-time volunteering programme for young people, and vinvolved teams in local communities - would finish in the next few months.

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