I have been asked to reply.
Kid’s Company has been in receipt of a Treasury Invest to Save budget since April 2005. The Treasury grant is for three years and ends in March 2008. The Department for Children, Schools and Families has only acted as sponsor body and has not provided the funding. Objectives for the budget (£3,427,000 over three years) are to:
Secure statutory funding to improve and sustain The Arches drop-in centre for the long term;
Replicate the model of service delivery used at the Arches;
Contribute to the policy and institutional framework on a national scale that enables organisations to support the most vulnerable and challenging young people.
Funding is as follows:
£ 2005-06 1,480,000 2006-07 1,125,000 2007-08 822,500