The report states that the Mayor's Fund for London has secured funding from a number of corporate sponsors, including Barclays, the Private Equity Foundation and the Big Lottery Fund. In the next three years the fund expects to spend £16m on projects, of which £7m is already in place.
"The charity is nurturing young people through mentoring and skills training, and despite the challenging financial climate has triumphantly secured £7m in funding commitments," said Johnson. "The fund is set to expand its hard work to other parts of London shortly, and I look forward to the day when every child in need can benefit from its help."
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