£3.2 billion of Lottery money ‘still unspent’

first_img Tagged with: Giving/Philanthropy £3.2 billion of Lottery money ‘still unspent’ Howard Lake | 24 May 2003 | News A Department of Culture spokesman told The Observer: “all the money is committed to projects.”Read “Lottery’s £3bn cash mountain” by Antony Barnett at The Observer.  20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Observer reports today that £3.2 billion is lying unspent in the Department of Culture’s National Lottery Distribution Fund.Tessa Jowell, the Culture Secretary, promised in March 2002 that the then underpend of £3.5 billion would be halved by 2004. Fourteen months on, only £300 million has been shaved off this figure. The government had originally estimated that reserves of around £1.5 billion would be necessary.According to the Observer, the Heritage Lottery Fund has spent only just over half of its allocated £2.2bn since the Lottery started. The New Opportunities Fund has £856 million in unspent reserves, the Sports Council £307 million, the Community Fund £280 million, the Arts Council £235 million and the Film Council £73 million. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

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