Parliament is debating legislation to permit the transfer of funds from National Lottery causes towards the London 2012 Olympic and Paralympic Games.
If approved by both Houses, the order will enable government to transfer £1.085bn from National Lottery distributors to help pay for the cost of the facilities and infrastructure needed for the 2012 Games, at a rate of £73m each quarter between 2009 and 2012.
Minister for sport and the lottery, Gerry Sutcliffe, said: “We have worked closely with Lottery distributors to transfer money in a way which minimises disruption to good causes. The Lottery will be paid back a substantial part of its contribution from the sale of land in the Olympic park.
“In the meantime our sports and cultural sectors will continue to receive substantial core funding from DCMS – safeguarded thanks to the recent generous CSR settlement – as well as the bulk of their Lottery funding.”
An additional £750m will be raised by dedicated 2012 Lottery games and £340m wil come from sports Lottery distributors.
Parliament is debating legislation to permit the transfer of funds from National Lottery causes towards the London 2012 Olympic and Paralympic Games.
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knowledge to thrive in this fast-changing profession.
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Parliament is debating legislation to permit the transfer of funds from National Lottery causes towards the London 2012 Olympic and Paralympic Games.
If approved by both Houses, the order will enable government to transfer £1.085bn from National Lottery distributors to help pay for the cost of the facilities and infrastructure needed for the 2012 Games, at a rate of £73m each quarter between 2009 and 2012.
Minister for sport and the lottery, Gerry Sutcliffe, said: “We have worked closely with Lottery distributors to transfer money in a way which minimises disruption to good causes. The Lottery will be paid back a substantial part of its contribution from the sale of land in the Olympic park.
“In the meantime our sports and cultural sectors will continue to receive substantial core funding from DCMS – safeguarded thanks to the recent generous CSR settlement – as well as the bulk of their Lottery funding.”
An additional £750m will be raised by dedicated 2012 Lottery games and £340m wil come from sports Lottery distributors.
Parliament is debating legislation to permit the transfer of funds from National Lottery causes towards the London 2012 Olympic and Paralympic Games.
Life Fitness has reimagined cardio with the launch of its Symbio line which has been
designed with advanced biomechanics and offers deep levels of customisation
The Maybourne Group has unveiled its all-new London
hotel The Emory. Megan Whitby goes behind the scenes
at Surrenne, its cutting-edge health and wellness club
As the UK healthcare sector struggles with ever-increasing demand, health club operators are stepping in and offering members welcome medical support. Kath Hudson reports
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In today's rapidly evolving fitness industry, where many online courses promise secret
formulas for entrepreneurial success, the reality is that few provide the necessary
knowledge to thrive in this fast-changing profession.
Altrafit has taken further steps to cement its reputation as a provider of high-quality,
affordable functional fitness equipment that is built to last with the development and
introduction of a new functional fitness keg for luxury gym operator, Third Space.
BLK BOX is proud to unveil our latest project - 24N Fitness in the City of London. Another BLK
BOX creation recently completed and now thriving with new members and state-of-the-art
facilities.
Charitable Social Enterprise Leisure and Cultural Services provider GLL has committed to become
Carbon Neutral by 2050 with an ambition to achieve this earlier in response to feedback from
customers and staff, and partners.