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Just four steps to Olympic Legacy gold

1 November 2012

SO2012FB

UPDATED 01/05/2013 - BIG Spirit of 2012 funding for four inspirational UK-wide initiatives

The Big Lottery Fund (BIG) Board has formally agreed the four focus areas of a new, multi-million pound Olympic Legacy Trust that will see proceeds from the Olympic Village sale used to secure a lasting community benefit from the 2012 Games.

Peter Ainsworth, BIG’s chair, said: “Since I floated the idea of a trust in September, I have been hugely encouraged by the level of support for the concept.  My Board is now moving swiftly to set up the trust, appoint appropriately qualified people to take the project forward, and to begin the work of capturing and amplifying the excitement of the voluntary and community action that infused the Games.”

BIG has pledged that all the money it receives from the sale of the Olympic Village, likely to be between £30-40m, will be committed to a trust with four governing aims.

Firstly, it should help volunteers involved in the Olympic and Paralympic Games to maintain their commitment and energy for the benefit of their local communities.

Secondly, the trust should help inspire communities to think about how they can build on the Olympic values which, through events such as the Torch Relay and the Cultural Olympiad, went beyond sport and reached out to the whole of the UK.

Thirdly, it should build on the huge shift in perceptions brought about by the Paralympics to promote greater understanding of the issues facing people with disabilities.

Finally the trust needs to provide a source of long term focus and support to carry this UK-wide spirit of engagement through into Glasgow 2014 and the great events that will mark the coming decade.

BIG is now actively seeking to appoint inspiring individuals to help with the development of the trust and provide the inspiration and excitement necessary to build on this summer’s legacy.

Peter Ainsworth said:

“BIG’s investment in the trust will be a significant one but I’m hoping we can at least double the amount it has to spend in communities. I am speaking to colleagues across the Lottery, and within Government, charities and the private sector to see whether they might be able to help us achieve this goal”.

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