A LASTING legacy of over £110,000 has been set up to support local voluntary groups in Solihull.
The Heart of England Community Foundation had received a £75,000 funding pot from the former Solihull Community Foundation, to invest in voluntary and community groups in the borough.
But by investing it in the Government’s Community First Endowment Match Challenge, which adds £1 for every £2 invested, the funds are now worth £112,500.
John Powell, a trustee of the foundation, said: “We are delighted that there will be a lasting legacy for voluntary groups in Solihull.”
And the foundation is hoping local philanthropists, individuals and businesses will get involved to help their communities by investing and growing the legacy further through the Endowment Match Challenge which aims to match £100 million of donations with £50 million of government investment. This money then continues to grow over the life of the programme ensuring a sustainable source of funding.
Grants will be made available to community or voluntary groups from April 2014. In the meantime, organisations can apply for a grant of up to £5,000 to tackle deprivation in the local community, from their Comic Relief Fund.
Sue Heyes, marketing and communications officer, added: “From sports to support groups, or theatre groups for those with a learning disability, as long as they are not for profit and benefit the local community, the grants will be there to apply for from next April.”
If anyone is interested in investing in the Solihull Community Fund, call Tina Costello on 024 76883260 or email firstname.lastname@example.org. To apply for Comic Relief funding, call Kat Venton on 024 76883262.