Brits "haven't got the money for charities any more"

28/08/2009

With the economic downturn stretching many household budgets to the limit, many small voluntary organisations are closing down because Brits simply "haven't got the money" to support charities any more, it has been claimed.

Alison Stevens, chair of voluntary body Parents Against Injustice (Pain), which provides assistance to families dealing with the care system, said there has been a sharp downturn in public donations since the start of the financial crisis.

Her comments came after the government announced the launch of a £15 million Targeted Support Fund, which will provide grants of between £10,000 and £40,000 to support charities most at risk of closing down because of the recession.

Ms Stevens said Pain is "managing on a shoestring" as public donations have dried up.

However, while funding for charities becomes increasingly scarce, the economic downturn is fuelling demand for the services they offer, such as debt advice.

Between April and June, there was a 27.4 per cent rise in the number of people turning to personal insolvency arrangements compared with the same period of last year.

Tags; Budgeting Advice, Young Family Finances, Credit Card Lifestyle,

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