Funding news

Charities leader angry over stalled lottery funding

The charity chief executives' leader has reacted with anger to a revelation that the distributors of the national lottery are allowing £2.4bn intended for good causes to accrue in the bank.

Stephen Bubb, the chief executive of the Association of Chief Executive of Voluntary Organisations, said the news would further sour already strained relations between charities and the lottery distributors.

Read the full article here: http://society.guardian.co.uk/voluntary/news/0,8371,1595125,00.html