JGP News

Alistair Darling should use the Budget to give further assistance to the third sector.

Such is the assertion of the National Council for Voluntary Organisations (NCVO), which claims that the chancellor of the Exchequer should plough some £50 million into the proposed Social Investment Bank.

And in making such an investment, the council states that those working for charities will be able to continue to deliver services to those affected by the ongoing economic crisis.

Ben Kernighan, deputy chief executive for the NCVO, said: "The chancellor could throw a lifeline to the sector by showing its commitment to developing the Social Investment Bank.

"This would give social enterprises and charities much-needed access to capital to help develop their services."

Furthermore, the NCVO claims that the creation of an opt-out Gift Aid scheme could help to boost the third sector’’s income, as charities would be able to claim tax back on all donations they receive, unless donors explicitly request otherwise.

Such comments could interest those looking to maintain sustainable efficiencies in the months ahead.

Meanwhile, Professor John Mohan from the University of Southampton recently claimed that, although some charities will struggle more than others, predictions that the entire third sector will experience major problems as the economic downturn continues could be exaggerated.

More about sustainable efficiencies.