The Transformational Grants Joint Scheme (Authorisation) Order 2005

Article 2(2)

SCHEDULE PARTICULARS OF THE TRANSFORMATIONAL GRANTS JOINTSCHEME

1.  The nature and purposes of the joint scheme are to make grants (to be known as Transformational Grants) for projects concerned or connected with health, education or the environment or to be funded by charitable expenditure (within the meaning of section 44(1) of the Act) which are intended to transform communities, regions or the nation as a whole.

2.  The joint scheme applies to the whole of the United Kingdom.

3.  The maximum amount of money which may be distributed under section 25(1) of the Act under the joint scheme is £140 million (“the scheme amount”). The maximum amount which may be distributed under section 25(1) of the Act in any year is the amount remaining of the scheme amount at the beginning of the year.

4.  The bodies participating in the joint scheme are the National Lottery Charities Board and the New Opportunities Fund.

5.  The money to be distributed under section 25(1) of the Act under the joint scheme is attributable to each of the participating bodies in the following proportions, that is to say—

(a) as to the National Lottery Charities Board, 25 per cent; and

(b) as to the New Opportunities Fund, 75 per cent.

6.  The joint scheme will cease to have effect no later than 31st March 2008.