News

Tessa Jowell Names Board of Olympic Lottery Funding Body

16th May 2006

Olympics Minister Tessa Jowell today announced the line-up of members for the Board of the Olympic Lottery Distributor (OLD), taking its membership to five including the Chair.

The OLD is the body responsible for the distribution of Lottery money to support the 2012 London Olympic and Paralympic Games.

The four board members are:

* Hilary Daniels,
* Sharmila Nebhrajani,
* Sir Craig Reedie and
* David Ross

The new members will join Janet Paraskeva who was appointed to chair the OLD on 1 March. Board members will be appointed for four years, with the option of reappointment.

The OLD came into existence in July 2005, following London's success in being selected as 2012 host city, and has been operating since then with an interim board.

Tessa Jowell said: "I am delighted to be able to complete the membership of the OLD board. The team announced today bring considerable skills and experience from a variety of professions in both the private and public sector. "Lottery money is central to the overall funding package for the London Games and the Olympic Delivery Authority's capacity to deliver world class facilities by 2012. The OLD will play an important role distributing this money and ensuring that it is spent effectively."

The Olympic Lottery Distributor's remit is to fund any facility, function or service it considers necessary or expedient for the delivery of the 2012 Games and will monitor grants to ensure they are spent effectively. It will be a lean organisation, operating with a core of essential staff.

Source: Department for Culture, Media and Sport