It was announced yesterday that Long Live Southbank, in partnership with the Southbank Centre, have been awarded a grant of £700,000 thanks to the Good Growth Fund. A fund which seeks to empower and involve local communities in regeneration projects.
The Good Growth Fund is a match grant - this means that the Good Growth Fund will match any money raised up to the amount of £700,000. It is important to note that LLSB still have a way to go when it comes to reaching their £790,000 target, so there's still plenty of fundraising to be done.
To explain clearly:
- If LLSB raise £10 - the Good Growth Fund will give them £10 = £20 total
- If they raise £800 - the Good Growth Fund will give them £800 = £1,600 total
- If they raise £100,010 - the Good Growth Fund will give them £100,010 = £200,020 total
- If they raise £700,000 - the Good Growth Fund will give them £700,000 = £1,400,000 total
- If they raise £900,000 - the Good Growth Fund will give them £700,000 = £1,600,000 total as thats the agreed maximum amount.
The whole project combined is estimated at £1.4M - £1.8M, with the skate area costing £790,000. To get the Mayors Good Growth money both aspects of the project have to have the money raised so LLSB are helping the Southbank Centre so they can both reach their targets.
So whilst this grant is a huge boost, there is still a way to go to reach the stated total.
Please donate if you can afford to, and also clear some space in your diary and make it along to one of the many upcoming fundraising events.
Read through the press release below for more information regarding the scheme, as well as comment from Sadiq Khan, LLSB's Louis Woodhead and Elaine Bedell of the Southbank Centre.
Today Mayor of London, Sadiq Khan, has awarded Long Live Southbank and Southbank Centre a community growth and development grant of £700k to develop the Queen Elizabeth Hall Undercroft as an extended skate space and inclusive new children and young people’s creative education centre.
The Undercroft, on London’s South Bank, will receive this grant as part of the Mayor of London’s £70 million Good Growth Fund, which drives investments in community growth and development across the capital. Today’s Mayoral announcement sees £24 million allocated to 27 projects across the capital, from over 200 submitted funding bids, that will deliver social and economic improvements including investment in community assets, workspaces, green infrastructure and cultural venues.
The upcoming reconfiguration of the existing Undercroft sees an extension of this internationally renowned skate space, including improvements to lighting and a restoration of original 1960s banks and concrete paving. The creation of a new educational centre will sit alongside this, enabling children and young people to engage in wide-ranging learning and creative activities curated by Southbank Centre. The collaborative development will benefit local residents and wider communities including visitors to London and the capital’s cultural landscape as a whole.
Today’s announced funding grant builds on the joint crowdfunding campaign for this space, launched by Long Live Southbank and Southbank Centre in June last year, which has seen support from the international skateboarding community, general public, businesses and philanthropists.
The Mayor of London, Sadiq Khan, said: “I am using this funding to challenge preconceptions about how regeneration takes place. I want to give all Londoners – regardless of background – the opportunity to be actively involved in their city and have more places to live, learn, work and play.
“The projects I announced funding for today will help us to tackle inequality, strengthen civil society, and ensure the benefits of regeneration are felt by all."
Louis Woodhead of Long Live Southbank said: “Southbank has a unique creative feeling and it’s great to see this supported by the Mayor of London. LLSB and Southbank Centre have been working hard to show what can be achieved through collaboration and we’re grateful to everyone who continues to donate and support the campaign. Receiving the Good Growth Fund brings us closer to our vision to provide more space and opportunities for this creativity to grow and flourish."
Elaine Bedell, Southbank Centre’s Chief Executive, said: “We’re delighted to have been selected as recipients for this generous grant, from such a strong pool of funding applications.The development of this space will give skaters and BMXers access to newly opened up, and restored, sections of the Undercroft whilst young people and schoolchildren from across the capital will benefit from a new fully accessible arena for diverse creative and learning activities."