Foundation offers £19m funding phase

The Esmée Fairbairn Foundation is launching a second phase of funding worth up to £19m as part of its move towards being more independent and flexible.

The grant-making organisation has announced three new strands based on food, voluntary sector work in Northern Ireland and finance.

A budget of £3m over three years will fund work promoting the importance of balanced diets and helping all UK citizens have access to and the ability to prepare nutritious food.

The second strand will invest £1m on a 12-month pilot programme to create a stronger voluntary sector in Northern Ireland. The project is a partnership with UK relief organisation The Henry Smith Charity. The pilot will focus on the programme’s design, with more funding for a new project anticipated if it is successful.

A finance fund offering funding such as loans, guarantees and equity will receive up to £15m. Eligible projects must demonstrate the need for funding and the ability to effectively manage their finances.

The new initiatives follow three strands announced in January this year (Third Sector, 30 January 2008).

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