At a meeting this week, London Councils’ leaders committee rubberstamped plans to cut the London Councils' London Boroughs Grant Scheme from £26.4m to £9.9m. The money saved from this move will be "repatriated" to individual councils but will not be ringfenced.
Outside the meeting protesters from the organisations funded under the scheme held a demonstration against the decision.
Peter Lewis, chief executive of the London Voluntary Service Council (LVSC), said: "Some of London's most disadvantaged and vulnerable children and young people will suffer as a consequence of this huge cutback in voluntary and community services that support them. LVSC will however strive to work with London Councils to try to make the best of this decision in relation to transitional funding. We also want London boroughs to ringfence the repatriated money for the voluntary and community sector."
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