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Mayor of London's charity raises £7 million

Howard Lake | 8 June 2010 | News

The charity set up to fight child poverty in London by the Mayor of London Boris Johnson has raised £7 million in its first year. The figure was contained in the charity’s first annual report, published today.
The charity has secured funding from corporate sponsors including Barclays and The Private Equity Foundation, and from grantmakers like The Big Lottery Fund. In the next three years the fund expects to spend £16 million on projects.
The fund has worked in Hackney, Islington, Tower Hamlets and the City of London, and will announce plans to expand to other parts of London in the autumn.
The Mayor Boris Johnson said: “In a short space of time the Mayor’s Fund has made great gains in reaching some of the thousands of young people being brought up in poverty stricken families… The charity is nurturing young people through mentoring, and skills training, and despite the challenging financial climate, has triumphantly secured £7 million in funding commitments”.