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 MoreAddThis 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.