The Evening Standard’s Dispossessed fund has now raised £4.5 million “for London’s most vulnerable”. Prime Minister David Cameron welcomed the the achievement as “fantastic news”.
More than £1.7 million has been donated by Evening Standard readers together with some of London’s biggest firms. This has been matched by the government, which has also made available a further £1 million from their Grassroots project.
The fund will distributed £1 million to some of the capital’s charities “within weeks”. The remaining funds will then be used to create a permanent fund to help London’s dispossessed.
The fund was launched on 20 July to address the plight of the city’s poorest people – “London’s Dispossessed”.