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Chamber and committees

Borrowed £425 Million of Big Lottery Fund Money Needs Repaid

  • Submitted by: Stuart McMillan, Greenock and Inverclyde, Scottish National Party.
  • Date lodged: Monday, 15 August 2016
  • Motion reference: S5M-01023

That the Parliament supports calls for the UK Government to repay the £425 million that it "borrowed" in 2007 from the Big Lottery Fund to help fund the shortfall in money needed to pay for the London Olympics; understands that the money was to be paid back when assets, such as the Olympic Stadium, were sold off, which is now being rented out for £2.5 million a year, however reports now suggest that UK government ministers will hold off paying back the money until 2030; notes that, with a reported 10,000 charities missing out on funding since 2007, the Directory of Social Change has set up the Big Lottery Refund campaign on behalf of 3,800 charities and individuals; considers that the Big Lottery Fund needs the money returned now more than ever with the uncertainty created by Brexit, and urges the Prime Minister, the Mayor of London and the Secretary of State for Culture, Media and Sport to urgently review this situation and repay the money owed to the Big Lottery Fund.


Supported by: Tom Arthur, Colin Beattie, Bob Doris, James Dornan, Kenneth Gibson, Clare Haughey, Richard Lyle, Angus MacDonald, Fulton MacGregor, Ben Macpherson, Gillian Martin, John Mason, Joan McAlpine, Ivan McKee, Ash Regan, David Torrance