The Big Lottery Fund, the Arts Council and the Department for Culture, Media and Sport and Legacy Trust UK have come together to launch a new £40m funding scheme to use the 2012 Olympic and Paralympic Games to
promote culture and sport among young people and communities. Under this scheme funding will be available on a national and regional basis under three broad themes: Sport and Wellbeing; Knowledge and Learning; and Arts & Culture. It is expected that Legacy Trust UK, which administers the scheme will start to invite applications for funding in early 2008. it is expected that successful applicants will have a track record of delivering projects on a UK-wide, national or regional scale; geographical and community reach; and credibility in their sector as a leader of good practice.

The types of projects supported are likely to encompass, community sport, healthy living, wellbeing, education, learning and personal development, heritage, the performing arts, creativity, community events and festivals. Projects which encourage a joined-up approach across sport, education and culture will be especially welcomed. More details about the grants themselves and how to apply will become available in December 2007.