Launched with Arts Council England, Pears Foundation and NHS Charities Together, the Volunteering Futures Fund aims to help people access more volunteering opportunities across a range of sectors including the arts and sport.
Of the £7m, almost £6 million comes directly from the Government, and £1.15 million from Pears Foundation and NHS Charities Together.
In recognition of the barriers some people face to volunteering, the Volunteering Futures Fund will have a strong focus on young people, and those experiencing loneliness, with disabilities and from ethnic minority backgrounds.
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