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

Big Society has succeeded and society is stronger than in 2010, says Rob Wilson

4 Mar 2015

The Big Society has succeeded and charities have more volunteers and more funding than when the government...

Major parties commit to more support for charities delivering health and social care

4 Mar 2015

Members from all three of the major political parties said yesterday that the voluntary sector has a bigger...

Booking open for the Charity Property Conference

4 Mar 2015

The conference, which will be held on 7 July at BMA House in London, is focused on helping charities get...

Political parties and charity bodies condemn Eric Pickles' 'sock puppet' comments

4 Mar 2015

Labour and Liberal Democrat MPs yesterday denounced Eric Pickles’ assertion that charities would be...

Data is often pointless, dangerous and counterproductive says DSC chief

4 Mar 2015

Charities often spend too much time collecting and measuring data and should rely more on their personal...

Lynne Berry appointed to chair new breast cancer organisation

4 Mar 2015

The new breast cancer charity formed from the merger of Breakthrough Breast Cancer and Breast Cancer Campaign...

Daniel Phelan dies, aged 58

13 Feb 2015

Daniel Phelan, owner and editor-in-chief of Civil Society Media, passed away on Wednesday following a...

LinkedIn launches matching service to bring charity volunteering opportunities to 250,000 members

6 Feb 2015

Charities in the UK will be able to advertise volunteer opportunities to 250,000 LinkedIn members who...

Free guide to Bitcoin donations produced for charities

5 Feb 2015

Two Bitcoin organisations have launched a website and free guide to promote the use of the digital currency...

Join the discussion

Twitter button

@CSFundraising