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Olympics funding diversion 'will hit smaller groups hardest'
By Ben Cook, Third Sector Online, 25 February 2008
Small London-based voluntary groups are suffering more than larger groups in the capital as a result of National Lottery funding being diverted to pay for the 2012 Olympics, according to a new report.
The London Assembly study said that, of the £2.2bn of lottery good cause money being diverted to the Olympics, £440m will be taken from London, with the diversion “felt disproportionately by those organisations that rely on smaller grants”. The report said that although London receives 24 per cent of all...
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