New Economics


Foundation £29,907 What it funded Work placement project where expenses are paid in Brixton Pounds


This project is innovative and something of an experiment by a Lambeth-based national think tank that is interested in local people finding solutions to local problems and local people setting up and running local businesses. We would classify this as a ‘risky grant’ in the sense that many aspects are untested but we have confidence in the organisation running and monitoring the project and we hope that what is learnt will inform future grant-making. One aspect of the project involves an ‘alternative currency’ usable only in Brixton. We are pleased that the London Mutual Credit Union, supported by the Foundation, has become the Brixton Pound bank.


St Matthew’s


Project £120,000 over 3 years What it funded Football project


We funded this project for three years and are now funding it for another three because of the good results in meeting grant targets and because of the project’s referrals made to our individual grants programme. This organisation is dedicated to continuous improvement and it recently became a registered charity with the help of our capacity building project. It is also much more than a football project. It knows its participants well and is interested in their long-term education and employment prospects.


13


AR Dec 2011 FINAL to Stephen Joy.indd 13


12/12/2011 12:12:40 PM


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16