Big Lottery Fund appoints firms to deliver social investment fund

The Big Lottery Fund has appointed charity investment managers CCLA to distribute £200 million worth of a social investment fund.

CCLA is just one of the companies that will be part of a Community Development Foundation (CDF)-led consortium.

The consortium will distribute the £200 million trust that will enable local communities to obtain loans, social investment and grants.

More than 150 local regions across England will have access to £1 million to help them improve the area under the new fund.

Alison Seabrooke, chief executive of the CDF, said: "This is a real opportunity for communities to take the lead to identify issues, priorities and the solutions that will make their areas better places to live.

"Local people will define needs and desired outcomes in their areas and then choose the best way of using the funds to achieve them."

Other companies involved in the consortium include Capacity Global, Institute for Voluntary Action Research and UnLtd - the Foundation for Social Entrepreneurs.

In other social investment news, the Artemis Challenge will be taking place at Cowes on August 10th.

The boat race, with several celebrities getting involved, offers a charity investment worth £10,000 as a prize.

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