Chancellor of Exchequer Rishi Sunak announced £750M package for supporting charitable organisations in the United Kingdom. The welcome move will directly address the main problem: during the COVID-19 crisis more than 40% of charities reported an increased demand for their services, but they have seen almost 50% decline in voluntary contributions.
The Institute of Fundraising in partnership with Charity Finance Group and the National Council for Voluntary Organisations surveyed charities in the UK and found that 91% of charities surveyed have already or expect to have their cash flow disrupted, with 62% indicating that these would result in reduced charitable activity.
As a result of adopted measures £200M will go to support hospices, £370 million of that funding will support small, local charities working with vulnerable people. The package will provide important support to organisations such as Citizens Advice Bureau and St John Ambulance.
Oracle Capital Group helps to bring up charitable organisation in the United Kingdom and offers consultations to charities that struggle to overcome financial difficulties.