Olympic Lottery Distributor
Encyclopedia
The Olympic Lottery Distributor is a Non-departmental public body
in the United Kingdom
set up by Parliament to use money raised by the National Lottery
to fund the London Olympic Games
and Paralympic Games
in 2012.
The OLD will have £1,835m available to it during its lifetime and will fund activities that will:
The OLD has a close working relationship with other organisations committed to the successful delivery of the London 2012 Games including the Olympic Delivery Authority
(ODA) and the London Organising Committee of the Olympic and Parlaympic Games (LOCOG) and also with its sponsor department the Department for Culture, Media and Sport
.
The OLD comprises a Board with six members, chaired by Rt Hon.
Dame Janet Paraskeva
DBE, supported by a small team of staff headed by the Chief Executive, Ian Brack.
Non-departmental public body
In the United Kingdom, a non-departmental public body —often referred to as a quango—is a classification applied by the Cabinet Office, Treasury, Scottish Government and Northern Ireland Executive to certain types of public bodies...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
set up by Parliament to use money raised by the National Lottery
National Lottery (United Kingdom)
The National Lottery is the state-franchised national lottery in the United Kingdom and the Isle of Man.It is operated by Camelot Group, to whom the licence was granted in 1994, 2001 and again in 2007. The lottery is regulated by the National Lottery Commission, and was established by the then...
to fund the London Olympic Games
2012 Summer Olympics
The 2012 Summer Olympic Games, officially known as the "London 2012 Olympic Games", are scheduled to take place in London, England, United Kingdom from 27 July to 12 August 2012...
and Paralympic Games
2012 Summer Paralympics
The 2012 Summer Paralympic Games will be the fourteenth Paralympics and will take place between 29 August and 9 September 2012. The Games will be held in London, United Kingdom after the city was successful with its bid for the Paralympics and Summer Olympic Games.Even though 2012 will be London's...
in 2012.
The OLD will have £1,835m available to it during its lifetime and will fund activities that will:
- ensure the timely and cost effective delivery of the London 2012 Olympic and Paralympic Games;
- directly relate to the requirements incorporated in the Host City contract;
- contribute to the infrastructure and sports legacy of the Games;
- contribute to the legacy that demonstrates social inclusivity;
- support wider community and regeneration benefits;
- contribute to the delivery of the Games which are low carbon, zero waste, conserve biodivesity and promote environmental awareness and partnerships.
The OLD has a close working relationship with other organisations committed to the successful delivery of the London 2012 Games including the Olympic Delivery Authority
Olympic Delivery Authority
The Olympic Delivery Authority is the statutory corporation responsible for ensuring delivery of venues, infrastructure and legacy for the 2012 Summer Olympic and Paralympic Games in London...
(ODA) and the London Organising Committee of the Olympic and Parlaympic Games (LOCOG) and also with its sponsor department the Department for Culture, Media and Sport
Department for Culture, Media and Sport
The Department for Culture, Media and Sport is a department of the United Kingdom government, with responsibility for culture and sport in England, and some aspects of the media throughout the whole UK, such as broadcasting and internet....
.
The OLD comprises a Board with six members, chaired by Rt Hon.
Dame Janet Paraskeva
Janet Paraskeva
The Rt Hon. Dame Janet Paraskeva DBE is a British government official.She was appointed as the First Civil Service Commissioner on 1 January 2006. On 15 November 2007 Paraskeva was announced by Peter Hain, Secretary of State for Work and Pensions, as first Chair of the Child Maintenance and...
DBE, supported by a small team of staff headed by the Chief Executive, Ian Brack.