Groups which provide sports, arts and health initiatives for under 18s can apply for a new funding pot being made available by Persimmon Homes.

Persimmon Homes has become an official partner of Team GB and will support the organisation for the next three years through to Tokyo 2020 and beyond.

At the heart of the new partnership is Persimmon’s new £1million-a-year nationwide funding scheme, Building Futures, which the housebuilder officially launched this month.

Team GB will support the Building Futures programme, which aims to assist community sports, education and arts and health initiatives for under 18s.

The scheme is being delivered through the Persimmon Charitable Foundation, which last year donated £620,000 to support children’s sport.

Building Futures is even more ambitious than last year’s scheme and is aimed solely at community projects for under 18s and targeted at grassroots sports groups, community groups dealing with physical and mental health issues and awareness as well as arts and education projects.

Locally, a total of 128 grants of £1,000 will be awarded each year across Persimmon’s 31 regional businesses and its head office to improve facilities and the delivery of vital grassroots community projects.

Three initiatives will go on to win £100,000 each through a national award scheme voted on by the public.

In each sector – Sport, Health and Education – as well as the £100,000 first prize, there will be a £50,000 second prize and a £20,000 third prize, while a further 87 shortlisted projects will each receive £5,000.

Groups will be invited to enter the Building Futures initiative via outlining how they would spend £1,000 and £100,000 respectively on their community project. Groups can nominate themselves.