28 codes of fundraising practice to be condensed into one
23 May 2012
The Institute of Fundraising is to replace its 28 codes of fundraising practice with a single code and...
The Olympic Park Legacy Company has awarded social enterprise GLL a contract to manage the 2012 Aquatic Centre and Multi-Use Arena after the London Olympics are over.
GLL will operate the Aquatics Centre and Multi-use Arena for ten years starting in 2013. The social enterprise currently oversees the management of over 100 public leisure centres. GLL fought off competition from private sector providers Serco and Parkwood Leisure to secure the two contracts.
Responding to today’s announcement, Social Enterprise UK’s chief executive, Peter Holbrook, said: "Social enterprises have more to offer our Olympic host boroughs than PLCs. Rather than private companies making profits and giving them to their shareholders, which means the money invested in poorer communities ends up elsewhere, GLL will reinvest the profits to provide training, jobs and top-quality leisure facilities at affordable prices. This is what good business looks like."
The two contracts will provide:
Mark Sesnan, managing director of London-based GLL, said:
"Our charitable social enterprise status, community values and successful track record, demonstrate that GLL is committed to opportunity for all, ensuring the Games offer a long-lasting sporting legacy all Londoners can enjoy."
GLL holds the Social Enterprise Mark. Its legal constitution is an industrial and provident society.
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