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The Youth Opportunity and Capital Funds (YOF and YCF) were established in April 2006 as complementary, universal funds operating under a single management framework. In 2006-07, £179,521 was allocated to the city of Newcastle for YOF and £155,271 was allocated for YCF. The same amounts were allocated to the city of Newcastle in 2007-08. In each of these years, up to £15,000 of the YOF allocation could be used for administrative overheads.
In 2006-07, the city of Newcastle spent both its YOF and YCF allocations in full. Details of 2007-08 expenditure are due to be submitted to the Department for Children, Schools and Families by the end of June.