The Big Lottery Fund has announced a new funding programme that will allow voluntary organisations to apply for grants of up to £40,000 a year until 2015.
The fund is a new strand of the BLF's Reaching Communities programme, which is worth £500m. It is designed to support charities that want shorter-term, smaller-scale grants than those available through the existing Reaching Communities scheme.
Peter Wanless, chief executive of the BLF, announced the new scheme at the Funding the Future conference in London's Westminster yesterday. He said the process of applying for the smaller grants would be simpler than that for other Reaching Communities grants.
Wanless said the BLF would improve its decision-making process so that applicants could find out more quickly whether their organisations had a chance of receiving funds. He said the BLF would offer more informative feedback on unsuccessful applications.
The new system is expected to be in place this spring.
Wanless said the BLF would also introduce a new funding stream for refurbishment projects, which would be available this autumn.