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What Does the Voluntary Sector Financial Crisis Look Like?
08 March 2011
What does the charity financial crisis really mean? It's a term I've used on this blog from time to time, and I've often justified it by reference to New Philanthropy Capital's estimates of the £3bn to £5bn of state funding that will be sucked out of the sector in the next three years, between a quarter and a third of its income. It's a useful - if broadbrush - estimate of the scale of disinvestment facing the civil society sector.