Funding news

BIG chooses Community Development Foundation to set up its £200m Big Local Trust - 7 July 2011

A Community Development Foundation led consortium has been chosen by the Big Lottery Fund to set up and run a new £200m endowed Trust, which will help local communities provide loans, grants and social investment.

The Community Development Foundation (CDF) will deliver a ten-year programme for BIG through the Big Local Trust, which will be an independent charity. The programme, the Big Local, will invest at least £1m in 150 local areas across England.

Local areas can use the funds to provide a mixture of grants, social investments, loans, microfinance and support. Some of the money distributed in each area will come back to Big Local and be reused in the local area. Big Local will support, challenge, train and encourage people and groups to develop and take ownership of the programme in their local area. BIG has been working since last summer with the first 50 areas identified for funding, helping them develop their plans. They are now handing this work over to CDF and its partners.

The CDF led consortium includes CCLA, Capacity Global, Institute for Voluntary Action Research, National Association for Neighbourhood Management, Renaisi and UnLtd – the Foundation for Social Entrepreneurs.

It is expected that the new organisation, Big Local Trust, will launch in the autumn and take full control of both the affairs of the Trust and the delivery of the Big Local programme.

For further information see the CDF website.