Trust gets £40m to spread Olympic benefits

A new £40m trust was launched yesterday by the City of London with a remit to support cultural, artistic, educational and sporting activities for young people and communities on the back of the 2012 Olympic Games.

Legacy Trust UK received its endowment from the Big Lottery Fund, the Arts Council and the Department for Culture, Media and Sport. “I am determined that the benefits of hosting the games are spread right across the UK. Legacy Trust UK will help make that happen by giving out £40m to activities that celebrate the 2012 Games,” said Olympics minister Tessa Jowell at the launch.

The charity will co-ordinate its work with that of the London Organising Committee of the Olympic and Paralympic Games. Projects are planned across the UK and the trust will be able to raise extra funds from public and philanthropic sources and partnerships with organisations able to bring extra resources to the trust’s programmes.

“This money will create a legacy from the London Games that will benefit people all over the country for years to come,” said Dugald Mackie, chair of Legacy Trust UK. “The trust intends to make a small number of high-value grants to partners that can co-ordinate significant programmes to deliver on our promise. We expect to make the first awards next autumn.”

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