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

Big Lottery Fund ESIF BBOBBO 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 Cash match £250 Lottery money 1 Run a two-stage competitive grants process 2 Offer Lottery development grants 3 Provide support to applicants throughout 4 Offer different application windows 5 Simplify reporting and monitoring requirements 6

£250m cash match funding £250m Lottery money £300m ESF money

2-stage competitive grants process Outline proposal Detailed proposal

Lottery development grants Outline proposal Lottery money Detailed proposal

Support for applicants Outline proposal Lottery money Detailed proposal Set-up phase

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 Lucy Hogg Funding and Development Adviser

Further information