– Apparently a receiving and distributing body must be established.
– Charitable bodies in receipt will need Charity Commission approval.
– More clarity in the new year on how proceeds will be spent.
– Money will come in £10 million tranches over ten years.
– Proceeds cannot be used for prizemoney (good).
– Mar 2012 first installment expected to have been paid.
Is a receiving and distributing body necessary under European state-aid rules?