Charity and Voluntary Sector
DECC: 24 social housing providers across Britain have been awarded a share of a £4m fund to install green heating systems in the homes of their tenants. They are the first winners to be announced under the Renewable Heat Premium Payment scheme competition for social landlords, which was launched earlier this year.
AUK: On the one year anniversary of the Silver RPI, latest findings show that ‘over 55s have seen an 18% rise in living costs since 2008’ – almost 5% more than the general population. This means that someone aged 55 or over is now, on average, £978 a year worse off than official measures recognise. This increases to over £1,100 in additional annual costs for those aged 65-69. In the last 12 months alone the cost of living for those aged over 55 has risen by £1,173 in absolute terms.
In addition, low interest rates means savings returns have been hit while annuity rates are at an all-time low of £5,600 per £100,000 or 5.6%. Combined with increasing life expectancy, those retiring today will have a smaller pot of cash to sustain them over a longer period of time than those who retired 5 years ago.
SE: A boxing club in Manchester’s Moss Side has been named as the first project to benefit from Sport England’s Inspired Facilities Fund, as it emerged that over 600 sports clubs across England have applied to the Olympic legacy fund’s first round.
FESLL: Research released in the last month showed that 57% of 18-25 year-olds are leaving home without the ability to cook simple recipes such as Spaghetti Bolognese.
BLF: Big Lottery Fund (BIG) is announcing an investment of £6m that will develop the social investment market and further explore its potential to help tackle issues facing communities & individuals most in need.