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New fund aims to change Scotland's charities
A new funding initiative, launched today in Edinburgh, is bidding to change the face of charity finance in Scotland and beyond. Inspiring Scotland has been developed by Lloyds TSB Foundation for Scotland, the country's largest independent grant-making trust.It will seek to invest between £70m-£100m in a selected number of charities over the next seven to 10 years, by assembling money from a combination of private individuals, trusts, foundations and the public purse.
With promises of long-term funding, support for core costs, minimal bureaucracy and the investment of time, energy and skills - as well as cash - Inspiring Scotland reads like a wish-list for voluntary sector funding.
Full story at The Herald.
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