ODA
A £2.6m grant was offered in April 2006 covering historic costs incurred prior to the ODA's incorporation.  Two interim grants of £75m and £77m were offered to the ODA in May 2006 and March 2007 respectively.  These were made to support the preparation of the ODA's Lifetime budget and Corporate Plan and to meet time critical early project expenditure. 

In February 2008, the OLD announced a new grant of £1,431m to the ODA.  The OLD grant is subject to a number of conditions, the purpose of which are to provide the basis for effective monitoring of the use of National Lottery funds and to secure value for money.  To read more, see the Press Release on our news page.

The OLD Board agreed a supplementary lifetime grant of £30.1m in December 2009 and a cashflow grant of £69.2m in February 2010.

LOCOG
The OLD Board has also approved support to LOCOG for the Live Sites project.  The Board has provided grant of £2.62m to secure a minimum of eight new permanent Live Sites. In December 2009, the OLD agreed to offer LOCOG a further grant of up to £800,000 to fund two additional Live Sites Screens.

In July 2009, the Olympic Lottery Distributor announced funding of £15.6m for the Cultural Olympiad.  The OLD will be funding six of the ten Cultural Olympiad projects as follows:  World Shakespeare Festival; World River; Film Nation; Festival of Carnivals; Unlimited and Discovering Places.

In June 2010 the OLD Board agreed a supplementary grant of £1.04m to LOCOG to suppport delivery of the Cultural Olympiad.

East London Business Alliance (ELBA)

In May 2010 the OLD Board agreed grants of £660,693 and £443,822 to ELBA to support the 'In the Parks' and 'Represent London' community projects. In June 2010 the OLD Board agreed to offer ELBA a further grant of up to £999,279 to fund the 'Transformers' community grants programme.

Records of Board discussions relating to the London 2012 project and the background to the decisions to commit grant can be found in the summary minutes of the OLD meetings on the Publications page of this site.