2002 Spending Review: Opportunity and Security for All
An extract from the Chancellor's statement on 15 July 2002, announcing the £125m investment fund and other measures to support voluntary and community organisations:
"And at the heart of the next stage of children's services are voluntary and community partnerships that are increasingly a vital link between the needs children have, and the help they receive.
Mr Speaker, in each of our constituencies there are hundreds of voluntary and community organisations, throughout the country hundreds of thousands of volunteers helping millions of people - giving everyone in Britain, at different times in our lives, the chance to serve, to get the balance right between what we do for our country and what our country does for us.
So that the vitality and independence of the charity, community and voluntary sector can grow and flourish the Chief Secretary to the Treasury is today announcing details of a new three-year fund of £125 million that voluntary organisations can draw upon for their public service work.
And I can also confirm that the budget for the Children's Fund - helping volunteers and charities assist vulnerable children - will be £200 million a year to 2006. There will be an additional £25 million over three years to support the growth of local parental support and we are also extending the £20 million support to community amateur sports clubs not just for one year but for each year to 2006."
The Rt Hon Gordon Brown, Chancellor of the Exchequer
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