Both new grants and existing commitments by The Diana, Princess of Wales Memorial Fund were frozen last week as a result of Franklin Mint's malicious prosecution suit.
The trustees of the fund and executors of the Princess' estate originally sued Franklin Mint to prevent it from producing Diana merchandise, but lost a 4m court battle in 2000. Franklin Mint launched a counter-suit in November.
Andrew Purkis, chief executive of the fund, announced that a rescue plan is in place to help find other ways of honouring existing grant commitments. "We are inviting our fellow grant-givers to come and replace any funding that we are forced to withhold," said Purkis.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
