A new £1 million fund has been launched by Brighton & Hove Council and Sussex Community Foundation to support the personal and educational development of children and young people across the city on Thursday 9 November (6.30pm) at the Royal Pavilion, kindly supported by CCLA.
Brighton & Hove City Council has transferred a number of trust funds, set up over the years as result of legacies and endowments, into the new fund which will be managed by local grant-maker Sussex Community Foundation.
Grants will also be made to support and to promote community engagement with libraries.
Grants made will be in line with the wishes of the donors who made the original bequests and the aim is that the fund will raise more money and attract new endowments to support other local community causes.
Councillor Emma Daniel, Chair of the Neighbourhoods, Communities and Equalities Committee, said: “Many of the trust funds included in the new B&H Legacy Fund date back for decades. We wanted to modernise the way grants are allocated, and create opportunities for any organisations, businesses or individuals who want to set up their own funds to benefit local community and voluntary groups, so that we can expand the support available.”
“This is really exciting news for groups supporting children and young people in the city,” said Kevin Richmond, Chief Executive at Sussex Community Foundation. “The central aim for both the Council and the Foundation has been to get this money working more effectively for the community in Brighton & Hove. Plus, we are confident we can raise a further £1million of match-funds to double the size of the Fund over the next ten years. The great thing about endowment funds is that they are there in perpetuity and so will benefit children and young people for generations to come.”
The B&H Legacy Fund is made up of 10 trust funds, worth a total of £1,105,983, which were being administered by Brighton & Hove City Council.
The new fund is an endowment fund and community and voluntary organisations can apply for grants made from interest on the funds, estimated at around £49,767 in the first year.
Community groups and voluntary organisations that support children and young people and deliver:
• Support children and young people to improve their educational attainment
• Support young people to maximise their employability including developing entrepreneurship
• Encourage participation by children and young people in positive activities that support physical and emotional health, social, learning or personal development
• Support young people to volunteer & engage in community and social action
• Support for children and young people who face barriers to achieving their full potential.
The first deadline for applications is Friday 12th January 2018.
For more information, visit www.sussexgiving.org.uk/apply
First grants will be awarded in March 2018.