The European Structural and Investment Fund package for 2014 – 2020
More than £500 million of funds will be available to voluntary organisations if advanced talks between the Big Lottery Fund and European Commission about a match-funding scheme come to fruition
BLF plans to match more than £260 million of lottery funding with money from Europe in order to boost funding opportunities for projects that address poverty and social inclusion.
£620,000 of lottery funding will be made available this summer to enable voluntary organisations in the country’s local enterprise partnership areas to start developing bids. The delivery mechanisms for the more than £500 million available would be finalised towards the end of the year and applications would open in early 2015
Only about 9 per cent of the last round of European Social Fund money was accessed by charities, with the majority of funding going to larger organisations or reaching the voluntary sector only through prime providers delivering top-down programmes. The new round represents a more community -led approach to European funding, according to the NCVO, because the priorities were decided by local local enterprise partnerships