First £17m raised for Community First funding programme

Small community schemes including sports clubs will benefit first, says Lesley Chambers of the Community Development Foundation

Lesley Chambers, director of programmes at the Community Development Foundation
Lesley Chambers, director of programmes at the Community Development Foundation

The Community Foundation Network has raised the first £17m of a £150m match-funding programme to back small community projects.

The CFN announced it has raised £8.7m for the Community First funding programme, which will be matched by an £8.3m contribution from the Office for Civil Society.

Community First, which replaced the Grassroots Grants fund, includes a £30m small grants fund under which communities match the money with donations of cash, services or time of equal value.

The small grants fund is part of a £150m endowment match challenge that runs until March 2015. The yield from investing the money raised through the endowment match challenge will be used to replenish the grant fund in future years.

The endowment match challenge is made up of £100m to be raised by the CFN from philanthropists and individuals, matched by £50m from the Cabinet Office and the Office for Civil Society until 2015.

It will supply £15m in government funding for 2012/13, providing the CFN raises £30m.

The Community Development Foundation, which will administer the fund and disburse the money, has set up panels that include businesses, residents and representatives of local groups to decide on the priorities for funding for their areas and choosing schemes to back.

Lesley Chambers, director of programmes at the CDF, said schemes nominated for funding so far included sports clubs and equipment for local groups, and priorities had included projects for young and old people and community cohesion.

Nick Hurd, the Minister for Civil Society, said: "I am pleased by the success of the first year of the endowment match challenge, with more than £17m of endowment funding raised so far through generous donations by individuals and businesses matched by the government, creating a lasting legacy of support for communities across the UK."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Safeguarding in the Third Sector

Safeguarding in the Third Sector

Partner Content: Presented By Markel

Safeguarding - the process of making sure that children and vulnerable adults are protected from harm - is a big concern for organisations in the third sector.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now