The Big Lottery Fund, the UK’s largest funder of charities, will change its name in the new year to the National Lottery Community Fund.
The fund distributes 40 per cent of the good cause money raised by the National Lottery, which last year involved giving £508.5m to 11,000 projects. However its funding has fallen in the last two years, prompting it to cut £130m from future budgets.
The name change will take effect from 30 January next year. The fund will also launch a rebrand at the same point.
The fund said the change would make it clearer what the organisation is and does, and will do more to support the National Lottery brand.
Dawn Austwick, chief executive of the Big Lottery Fund, said: “Groups and charities use our funding, be it £500 or £500,000, to bring people together, make good things happen and help their communities to thrive. We want to make sure that as many people as possible understand who we are, what we do, and how National Lottery funding could help them make a difference in their community.
“That’s why we’re looking forward to starting 2019 – when we will also be celebrating The National Lottery’s 25th Birthday – as The National Lottery Community Fund.”