Share

BIG to allocate 0.7 per cent of its funding to social investment

BIG to allocate 0.7 per cent of its funding to social investment
News

BIG to allocate 0.7 per cent of its funding to social investment

Finance | Vibeka Mair | 24 Apr 2012

The Big Lottery Fund is to allocate 0.7 per cent of its budget this financial year to social investment.

Minister for civil society Nick Hurd revealed BIG’s funding pot for social investment in response to a parliamentary question from shadow minister for civil society Gareth Thomas.

Thomas asked Hurd how much funding BIG planned to allocate to working with the private sector and growing the social investment market in each year until 2015.

Hurd said BIG had made no specific funding allocation to working with the private sector, but added:

“On social investment, BIG’s England Committee has allocated £4.3m for this financial year.”

In an interview with civilsociety.co.uk last month chief executive of BIG Peter Wanless said the funder had not earmarked a particular sum or proportion of funding for social investment. He said that the total lottery income available to BIG to distribute was likely to be in the region of £600m to £650m a year.

Hurd’s revelation last week suggests that BIG will allocate just under 1 per cent of its budget to boosting social investment.

 

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Over £11m raised for MND Association and Macmillan from ice bucket challenge

19 Sep 2014

The Motor Neurone Disease Association has raised £6.8m from the viral fundraising craze the ice bucket...

DEC raises £102m in its 50th year

19 Sep 2014

The Disasters Emergency Committee and its member agencies raised £102m through two appeals in the last...

London Marathon runners raise £250m in past five years

19 Sep 2014

A quarter of a billion pounds has been raised by London Marathon runners in the past five years, according...

Lobbying Act comes into force today

19 Sep 2014

The Transparency of Lobbying, Non-party Campaigning and Trade Union Administration Act 2014 comes into...

Devolution 'will affect how charities operate'

19 Sep 2014

The political landscape that charities operate in looks set to change following the Scottish decision...

Some charity leaders see themselves as ‘employees of government’

18 Sep 2014

Voluntary bodies and the state have become so intertwined that some charity leaders whose organisations...

JustGiving page for Manchester Dogs’ Home receives four donations a second

15 Sep 2014

JustGiving has said that donations going to an appeal for the Manchester Dogs’ Home following an arson...

Commission's new online charity search to launch soon after delay

15 Sep 2014

The Charity Commission’s searchable online register of charities is due to launch in beta this autumn,...

Charities warned that digital campaigns can be 'counterproductive'

9 Sep 2014

Charity digital campaigns can be counterproductive and will need to change to keep the attention of those...

Join the discussion

 Twitter button

@CSFinance