Charities have lost more than EUR 4.87bn in grants from government over the last decade and, at the continued rate of decline, there will no government grant money for charities by the next general election. This could destroy families and communities across the UK. From a height of EUR 7.7bn in 2003, the total value of public sector grant-making to the voluntary sector had plummeted to just EUR 2.82bn by 2013. There is little to suggest that this trajectory is going to change – austerity looks set to continue and local councils, one of the sector’s biggest funders, are staring down the barrel of a 29% cut to their funding over the next five years. Grants are the lifeblood of local charities, and people need these organisations. Grants for Good campaign has been initiated to reverse this change. Read more here.
Source: The Guardian