Rainbow Fund grants panel agrees Pride seed core funding

Besi Besemar March 15, 2013

Rainbow FundThe Rainbow Fund grants panel has agreed proposed funding of £18,000 for the new Pride organisers to seed fund the 2013 event, this has been made possible by the pre-accounts settlement from last year’s Pride event totalling £40,000.

The Rainbow Fund has already made a grant of £6,640 following a request to cover the costs of the staffing period from October 2012 until the council announced its decision of this year’s organiser on January 10, 2013. This provided consistency between the two organising groups, giving confidence and stability for the 2013 event during the transition period.

Distribution of the remainding funds is currently being considered.

The Rainbow Fund is committed to full transparency in its work and publishes its decisions in an open and transparent way. Payments relating to this funding are made independently by the Sussex Community Foundation, to provide full scrutinty of the grantmaking process.

John  Summers, Treasurer of the Rainbow Fund, said:

“It is in the LGBT community’s best interests that the planning and development stage of this year’s event goes as well as possible, and this proposed funding will help ensure a smooth and stable development phase.”