‘Largest grassroots funding expansion in 30 years announced by National Lottery Community Fund’

The National Lottery Community Fund has unveiled ambitious three-year plans to expand grassroots funding across the UK, aiming to reach over 80% of areas in the country. This marks the largest expansion of grassroots funding in the past 30 years, as outlined in the organization’s Corporate Plan for 2024-27.

In addition to increasing grassroots funding, the new plans include allocating more than 50% of grants to communities experiencing the greatest poverty and disadvantage. At least 15% of the funding will be directed towards environmental sustainability projects, with a focus on four community-led missions: bringing communities together, promoting environmental sustainability, supporting children and young people, and enhancing overall health.

The organization is prioritizing tackling inequality and taking an equity-based approach, with a comprehensive review of funding activities currently underway. This review will lead to the implementation of a new grant budget and allocation formula for over £3 billion of National Lottery funding activities, enhancing accessibility and impact across England, Wales, Scotland, Northern Ireland, and the rest of the UK.

David Knott, Chief Executive of The National Lottery Community Fund, emphasized the importance of the new plan in supporting communities across the UK, with a strong commitment to targeting areas that have not previously received funding. The goal is to have more than 80% of local communities apply for National Lottery funding, showcasing the organization’s dedication to inclusivity and community support.

Furthermore, the Fund recently doubled the amount of funding available through its flagship product, National Lottery Awards for All, resulting in increased support for grassroots projects. National Lottery players continue to raise over £30 million a week for good causes, enabling The National Lottery Community Fund to distribute £615.4 million of funding to communities last year.

As the organization looks ahead to the next three years, the focus remains on making a positive impact on communities nationwide, with a commitment to addressing inequality and promoting sustainability at the core of its mission.

spot_img

More from this stream

Recomended

10 Advantages of Blockchain Technology for Businesses

Most of the businesses in USA look for new methods and strategies to improve their operations and stay ahead of the competition. Blockchain technology, known for its role in supporting cryptocurrencies like Bitcoin, also offers several practical advantages for businesses across various industries. Let’s look at the stats below that support the above statement. According […]

The post Top 10 Benefits of Blockchain Technology for Business appeared first on Insights Success.

The Impact of Case Management Solutions on Client Satisfaction

The relationships between personal injury law firms and their clients are crucial for building a positive reputation and attracting future business. Poorly managed relationships can damage a reputation and lead to lost opportunities. Did you know that 78% of clients are more likely to recommend a firm that offers excellent service? Yet, balancing case management […]

The post How Case Management Solutions Impact Client Satisfaction? appeared first on Insights Success.

Handling HR Processes: Tips for Small Businesses

Handling human resources processes can be challenging for small businesses. Efficient management of HR tasks is crucial for success and employee satisfaction. Proper HR practices contribute to a positive work environment and legal compliance, making it essential for small business owners to understand these processes. By implementing effective HR strategies, small businesses can attract and […]

The post Tips for Small Businesses on Handling HR Processes appeared first on Insights Success.

Forecast of the American Auto Market for the Upcoming Fiscal Year

The American car market does not always have a stable structure, so it is challenging to forecast further changes accurately. Nevertheless, it now demonstrates a specific stability which makes it possible to assess its condition more accurately in the future. In the next fiscal year, several trends are expected to characterize the American auto market […]

The post US Auto Market Forecast For The Next Fiscal Year appeared first on Insights Success.

Comparing a Localization Platform with Traditional Localization Methods

Effectively bridging linguistic and cultural gaps is key for businesses looking to expand into new markets in today’s interconnected world of business. For years, businesses have relied on linguists to manually translate content to achieve this goal. But with the rapid advancement of technology, modern localization platforms now provide a more dynamic solution. These platforms […]

The post Localization Platform vs. Traditional Localization Methods: A Comparative Analysis appeared first on Insights Success.

Broadcom’s Stock Soars on Strong Q2 Performance and Plans for Stock Split

Broadcom (AVGO) stock surged on Thursday following a strong earnings report and news of an upcoming 10-for-1 stock split. At least 19 Wall Street firms raised their price targets for Broadcom after the company’s quarterly report late Wednesday. Jordan Klein, a trading desk analyst at Mizuho Securities, noted that Broadcom’s report would likely intensify “fear […]

The post Broadcom Stocks Jump on AI-Driven Q2 Performance, Indicates Stock Split appeared first on Insights Success.