Funding news

Big Lottery Fund unveils £120 million drive to help vulnerable older people - 25 March 2013

The Big Lottery Fund has today announced two initiatives, worth £120 million: a £50 million Centre for Ageing Better and the opportunity for local authority areas to apply for up to £6 million in funding.

The Big Lottery Fund (BIG) is inviting 100 local authorities to submit an expression of interest to be considered for the Fulfilling Lives: Ageing Better fund. BIG will then select a shortlist of 30 areas to take forward, who will then be required to send us a full ‘vision and strategy’ for their area. At this stage each area will form a partnership led by a voluntary and community sector organisation. The funding programme is expected to make awards to 15 to 20 areas of between £2 and £6 million over three to six years.

BIG is also putting up to £50 million toward the creation of an independent Centre for Ageing Better, scheduled to open early next year. The centre will aim to provide community-based solutions to the challenges facing older people.

BIG said the initiatives would be complemented by Research for Impact, a £5 million UK-wide initiative that will be launched later this year to research better coping strategies for ageing and major life transitions such as retirement, becoming a carer and dealing with poverty.