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.
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