Funded by the Millennium Commission, the Department for Culture Media and Sport, the Big Lottery Fund and Arts Council England, the trust will allocate funds to a programme of projects at a local, regional and national level which aim to “leave a lasting positive legacy of the Games for future generations”. The call for applications was made in April this year, with 11 organisations and consortia responding.

The trust’s funders said a preferred candidate would be announced as soon as possible, with the aim of establishing the trust in the Autumn this year.

The full list of respondents being considered is as follows:

• A4e Ltd
• Bridge House Trust / City of London Corporation, East London Business Alliance, Business in the Community, TimeBank, Yorkshire Forward
• British Dragon Boat Racing Association, British Canoe Union, Amateur Rowing Association, Bharatiya Vidya Bhavan
• The Central Council of Physical Recreation (CCPR), The Foundation for Sport and the Arts, Heritage Link, Voluntary Arts Network
• Central YMCA, Charities Aid Foundation, Action Planning
• The Egan Consortium
• Era Ltd, Sheppard Robson Architects, Tribal CTAD, DTP Ltd, Metaphor Ltd
• The Inspiration Foundation
• Montgomery Leisure Services Ltd (trading as MLS), Community Foundation Network, YFM Group (Holdings) Ltd
• UnLtd - The Foundation for Social Entrepreneurs, The Young Foundation, ?What If! Group, Choose Action
• 2012 Legacy Consortium