New streams
Malcolm Hayday looks over the funding precipice and calls for greater flexibility and a reality check on how to pay for ‘big society’
Do you remember the scene from the film Butch Cassidy and the Sundance Kid when Butch and Sundance leaped over the cliff edge and survived? Only when we saw the outtakes did we see it was really quite a small jump. More recently the Charity Commission has been warning of a funding ‘cliff edge’ for the voluntary sector.1 Will it be worse this time and will there be ways of cushioning the fall? For 24 per cent of charities with annual incomes of more than £100,000, the public purse is their most important income stream.2
Author: Malcolm Hayday
Malcolm Hayday is co-founder and chief executive of Charity Bank.
He was previously the director of communications at the Charities Aid Foundation and director of CAF’s social investment loan fund; Investors in Society.
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