The Cabinet Office has published the new policy directions for the Big Lottery Fund, which introduce a new priority for boosting the capacity of the social investment market.
The document also makes clear that BIG funding will go ‘primarily’ to the voluntary sector and social enterprises, leaving the door open for the funder to continue to award some money to statutory bodies, as it does now.
The publication of the final policy directions is the culmination of a comprehensive programme of research and consultation by the government and BIG around the content of the funder’s strategy for the next few years.
Cabinet Office minister Francis Maude said the new directions ‘reinforce the coalition’s commitment thast we will not micro-manage BIG’.
The directions cover Big Lottery Fund expenditure in England, the Isle of Man and UK-wide spending. Policy directions for Scotland, Wales and Northern Ireland are issued by the devolved administrations.
See the document at: LINK
Civil Society News: LINK
