Monday, November 25, 2013

Office for Civil Society ponders financial support for charities that have used reserves | Third Sector

Office for Civil Society ponders financial support for charities that have used reserves | Third Sector: ick Hurd, the Minister for Civil Society, says he is thinking through the form that this could take

The Office for Civil Society is considering introducing measures to support charities that have dipped into their reserves in order to survive the recession, Nick Hurd, the Minister for Civil Society, has said.

Hurd told Third Sector that he could see a change of attitude in the sector as the economy recovered, but that many medium-sized charities had been badly damaged by a difficult economic period and by cuts to local authority budgets, some of which are still feeding through.

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