JGP News
A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
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Third sector bodies ‘receive monetary assistance’
A number of third sector organisations could be set to receive financial help, it has emerged.
The news comes as the Unity Trust Bank has rolled out a £50 million social economy fund to provide loans to those working for voluntary organisations, social enterprises and charities.
According to the financial services firm, the finance will help to meet "growing demand" for loans among third sector bodies and has been created to provide particular support to those undergoing "substantial growth".
Organisations will be able to borrow between £500,000 and £5 million, with applicants potentially being able to use the money to boost the skills framework of their staff.
Adrian Oldman, head of marketing and communications for Unity Trust Bank, told Third Sector: "We have noted an increased demand for access to this type of borrowing over the past year and have formed the fund to ensure that the requirements of our new and existing third sector clients are met."
He added that particular rates of interest and terms associated with the help with finance will be tailored towards borrowers’ specific needs.
Earlier this month, Phil Hope, minister for the third sector, reported that charities and voluntary organisations could be set to benefit financially from unclaimed cash that has lain dormant in consumers’ bank accounts.
More about skills framework.
