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Legacy Trust: Finance

Volume 487: debated on Wednesday 28 January 2009

To ask the Secretary of State for Culture, Media and Sport how much the Legacy Trust has raised since its establishment; and how much it has received from (a) trusts and foundations, (b) public funds, (c) lottery funds and (d) the private sector. (251740)

The Legacy Trust UK was established with a £40 million endowment from the Millennium Commission, Big Lottery Fund, the Arts Council England and the Department for Culture, Media and Sport to support a wide range of innovative cultural and sporting activities for all, which celebrate the London 2012 Olympic and Paralympic Games and leave a lasting legacy in communities throughout the United Kingdom. Of this endowment, £29 million came from the Millennium Commission and Big Lottery Fund with the remaining £11 million from Arts Council England and DCMS.

Since its establishment at the end of 2007 it has identified matched funding of £21,777,250 of which £5,769,411 has been secured.

The breakdown is as follows:

£

Total identified from Trusts/Foundations

200,000

Total identified from public funds

19,050,250

Total secured to date

5,769,411

The identified public funds, includes the Higher Education Funding Council for England (HEFCE), universities in the south-west of England and regional development agencies.

Total identified from private sector: £2,527,000