building better opportunities (bbo) bbo is a fund established by the big lottery to leverage funds...
TRANSCRIPT
Building Better Opportunities (BBO)
BBO is a fund established by the Big Lottery to leverage funds from Europe and support the Voluntary and Community Sector to access these funds.
Big Lottery Fund is still consulting with partners to design this grants programme, therefore some of the detail within this presentation is subject to change and awaiting formal agreement.
Big Lottery Fund
Who’s Who in European Funding?
European Structural and Investment Fund
BBO
Why are The Fund getting involved in ESF
The story in New Anglia LEP
Social Inclusion and Combating Poverty (Thematic Objective 9 ESIF Strategy)
EU funding £7,443,803
Big Lottery match £7,443,803
Total £14,887,606
Priorities in New Anglia LEP
- Youth Unemployment - Early engagement with young people, especially those at risk of becoming NEET, looked after children, care leavers, children with special educational needs.
- Barriers to work - Support family members experiencing multiple barriers move towards employment.
- Financial Inclusion - Increase number of people able to access training and progress to employment or self-employment.
[For more detail see: ESIF Strategy pg. 144]
What’s next?
-Working closely with the LEP, the Big Lottery Fund will submit a Funding Application to the Managing Authority (DWP) for each LEP area, broadly outlining activity for each of these projects/ priorities.
- BIG will draft up ‘Project Outline’ documents and consult the ESIF Sub-Committee on them before publishing. These are effectively specifications for the sort of projects they are looking for and will come from the activities contained within the ESIF strategy
Development Phase: Programme Development Funding
36 grants worth £630,000
• Awareness• Administrative support• Contact
Where are we now?
Key components of the offer
£250m cash match funding
£250m Lottery money
£300m ESF money
2-stage competitive grants process
Lottery development grants
Support for applicants
Different application windows
Timescales appropriate to the projects not projects to the timescales
Simplified monitoring
Standardised tools, processes and systems
Proposed timelines
Next Steps...
- Work collaboratively- Develop partnerships and get bid - ready
How we can help
- We are here to support the partnership building process – tell us what you need and keep us in the loop
Questions
Further information