Round Three was launched on 29 January 2001 and the closing date was 30 March 2001. There are 14 award winners from that round:

Award Winner: Anna Barron
Local Partner: Abacus TV
Project: Sounds Like Samba
Theme: Art & Performance / Community Development

Award Winner: Dean Hagan
Local Partner: Northern Visions
Project: Paying Through The Nose
Theme: Environmental

Award Winner: Jane Helliwell
Local Partner: Calderdale Television
Project: Colour Liz Road Safety
Theme: Community Development

Award Winner: Loretta Smith
Local Partner: Old Dairy Studios
Project: 1 Parent 2 Parents
Theme: Social Issues

Award Winner: Morag Smith
Local Partner: Cornwall Media Resource
Project: Dying For One
Theme: Social Issues

Award Winner: Natasha Ramdoyal
Local Partner: Radio Regen
Project: All In The Mind
Theme: Health Awareness

Award Winner: Nicholas Fletcher
Local Partner: Old Dairy Studios
Project: After The Flood
Theme: Community Development / Environmental

Award Winner: Nicholas Williams
Local Partner: Mass Mitec
Project: Young People With Multiple Sclerosis
Theme: Health Awareness

Award Winner: Paula Draper
Local Partner: Mass Mitec
Project: Silent Wings
Theme: Health Awareness

Award Winner: Rebecca Mountain
Local Partner: Sound Vision Trust (SVT)
Project: BU5's (Brent Under Fives)
Theme: Social Issues

Award Winner: Robert Webb
Local Partner: Signals Media Arts
Project: 40 Tonne Articulated Lorries And Towns Don't Mix
Theme: Community Development