< 1 min read
July 18, 2013
Did London's 2012 Olympics borrow lottery money earmarked for charity? And is there a plan to repay the funds?
"In the build-up to the Games the last Government raided £425 million from the Big Lottery Fund to pay for stadia and infrastructure in London. Now the Government plans to hand all of this surplus to the Treasury while overlooking the charities and community groups who lost out when Big funding was diverted. Jay Kennedy, director of policy and research at the Directory of Social Change (DSC), which is leading the Big Lottery Refund campaign, said: 'Hard-pressed charities have effectively been used as an insurance policy for the Games planners....'"-- Andrew Holt, Charity Times