Big Lottery Fund investing £200m in overlooked neighbourhoods

The Big Lottery Fund in England is investing up to £200m in 150 urban and rural neighbourhoods that have been overlooked for funding in the past. The money is being invested as a charitable endowment with at least £1m allocated to each community – typically covering around 5,000 to 8,000 people — to be spent over 10 years.

The Big Local Trust has been set up to help local areas decide how to spend their allocations. Each area is assigned a representative, who works with local residents and community development workers and acts as a mediator with the trust. Other partner organisations – Renaisi, UnLtd and Capacity Global provide advice on specialist areas such as regeneration, social enterprise and sustainability.

For the full story, please visit The Guardian.

External Link: http://www.guardian.co.uk/voluntary-sector-network/community-action-blog/2012/may/31/big-local-trust