02 August 2010

Third Sector reports that John Penrose, the Minister for Tourism & Heritage, has announced that funding from the Big Lottery Fund to the voluntary and community sector will increase by over 20 per cent after the 2012 Olympic Games.
Penrose said that £520m was awarded to the voluntary and community organisations by the Big Lottery Fund in 2009/10, but he projected that £630m would be given to the sector in 2013/14. Penrose also confirmed negotiations with the Treasury on plans to tax the National Lottery on gross profits rather than ticket sales. He claimed that this would provide greater revenue for good causes and the Exchequer.
The article can be read in full on the Third Sector website here.