Charities total revenue from government bodies is at its lowest level since 2007-08 yet some larger charities are reaping the benefits. David Brindle looks at what the future could holdThink of it as a £2bn reality check. That’s probably what charities enjoy lost over the past five or six years in terms of reduced net income from contracts for delivering public services.
It’s a far cry from some of the giddy growth forecasts that were still being made even as austerity kicked in. As recently as 2011 Tory peer and sometime government “tall society” adviser Nat Wei was predicting that the value of payment-by-results contracts to voluntary organisations could rise to £60bn a year, dwarfing any revenue lost through cuts in conventional funding.
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Source: theguardian.com