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

Barnardo's launches retail gift aid appeal

23 Jul 2014

Barnardo’s has launched an appeal to raise awareness of retail gift aid and the extra £6.5m that could...

Charity Bank loan approvals up 83 per cent

23 Jul 2014

Charity Bank has reported a sharp upturn in loan approvals, and has cited this as evidence that the sector’s...

Workfare charities set to be named after Tribunal rules against DWP

23 Jul 2014

Charities that are involved in the workfare programme run by the Department for Work and Pensions look...

Workfare charities set to be named after Tribunal rules against DWP

23 Jul 2014

Charities that are involved in the workfare programme run by the Department for Work and Pensions look...

Nesta was 'forced' to fund Big Society Network, says former trustee

22 Jul 2014

Former Nesta trustee Liam Black tweeted this morning that Nesta was “forced” to fund Big Society Network. 

Sadiq Khan MP: 'Sarah' Bill is embarrassing and pathetic

22 Jul 2014

Labour MP Sadiq Khan yesterday called the Social Action, Responsibility and Heroism Bill “embarrassing...

Greenpeace video removed from YouTube following copyright claim

14 Jul 2014

A campaign video by Greenpeace against Lego’s relationship with Shell has been subject to a copyright...

Oxfam advert removed after appearing before extremist videos

10 Jul 2014

Oxfam has removed one of its adverts from YouTube after it was shown on channels showing content from...

Data protection proposals 'potentially catastrophic' for fundraising

8 Jul 2014

EU data protection proposals could have a “potentially catastrophic” impact on charity fundraising,...

Join the discussion

Twitter button

@CSFundraising