Where does the lottery money come from UK?
12% goes to the UK Government as lottery duty, 4% to retailers as commission, and a total of 5% to operator Camelot, with 4% to cover operating costs and 1% as profit.
Is National Lottery public sector?
The National Lottery Community Fund is an executive non-departmental public body, sponsored by the Department for Digital, Culture, Media & Sport.
Is National Lottery funding state aid?
Subsidy control has replaced state aid from 1 January 2021
Our funding is public money. It cannot be used to give organisations an unfair advantage over others – this would be against the law.
Can a CIC apply for funding?
Social enterprises, Charitable Incorporated Organisations (CIO) and Community Interest Companies (CIC) are eligible as long as they are not-for-profit or any profit is reinvested in the organisation. This should be clearly stated within the organisation’s governing documents.
What can lottery funding be used for?
Use of Lottery Funds
- Acquisition of real property.
- Construction of facilities.
- Financing of research.
- Other non instructional purposes.
What is a funding Programme?
Programme Grants are a mechanism to provide flexible funding to world-leading research groups to address significant major research challenges. Programme Grants are assessed in a different way to standard grants. …