After agreeing to scrap its annual Party In The Park this year to make way for the London Live 8 concert, the Princes Trust is to receive a cash boost from the event via income generated by the text message ticket lottery. As previously reported, free tickets for Live 8 will be distributed via a competition to be held on 6 Jun, to be broadcast on BBC and commercial radio stations, with a multiple choice question being revealed on Monday, along with a text number to send entries to.
Whilst the event is not designed to make money, the first £1.6 million raised from the texts will go to the Princes Trust, with money also going to Live 8's radio partner Capital's Help A London Child charity. Some money will also go towards the cost of staging the event.
A statement from The Prince's Trust said: "During talks with Bob Geldof and the Band Aid Foundation, The Prince's Trust and Capital Radio were happy to cancel this year's Party in the Park to support Live 8. Mr Geldof and his team were anxious that disadvantaged young people in the UK did not suffer as a result and offered to give The Trust and Help A London Child money from the ticket ballot."