Magazine article Public Finance

Cabinet Office Offers £16.7M Third Sector Hardship Fund

Magazine article Public Finance

Cabinet Office Offers £16.7M Third Sector Hardship Fund

Article excerpt

Struggling third sector organisations will be able to apply to a new £16.7m government hardship fund, it was announced in the Budget

The Cabinet Office initiative will be targeted at third sector organisations providing frontline services in England that are facing hardship as a result of the recession.

But voluntary sector leaders criticised the government for not doing enough to help charities and not-for-profits in the downturn.

Stuart Etherington, chief executive of the National Council for Voluntary Organisations, said he was disappointed by the lack of funding for a social investment bank to help the third sector provide public services.

In February, the Third Sector Taskforce, set up jointly by the Association of Chief Executives of Voluntary Organisations and the Department for Work and Pensions, recommended the establishment of a £250m bank. …

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