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NCVO fears rising Olympic costs will hit VCS 17/11/06
 
Warnings that National Lottery funding could be used to meet the rising costs of staging the 2012 Olympic Games have been met with anger by the NCVO.

The umbrella organisation, which has proposed a reform of the tax on the weekly game to raise funds for the Olympics, fears that vital resources will be lost to voluntary organisations if lottery cash is hoovered up in the run up to 2012.

“The 2012 Olympics are an exciting opportunity for the UK and present a huge range of volunteering opportunities. But the news that further lottery funding for good causes could be diverted to the Olympics will worry voluntary and community organisations across the country,” said NCVO chief executive Stuart Etherington.

A total of £1.5 billion of National Lottery funding is already being diverted to the Olympics. “A further raid will therefore leave a significant shortfall in funding to good causes,” Etherington added. “It is vital that good causes do not bear the burden of Olympic funding.”

The NCVO has proposed a review of the 12% tax on the National Lottery. It has suggested that a temporary reduction of the tax to just 9% could raise more than £140 million a year to help plug the funding gap created by the cost of the Olympics.

 
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