Main points for the voluntary sector in today's spending review

Chancellor George Osborne has revealed his five-year spending plans for the voluntary sector

George Osborne, the Chancellor of the Exchequer
George Osborne, the Chancellor of the Exchequer

The major announcements affecting charities in today’s spending review and autumn statement include:

  • No raid on Big Lottery Fund, "as some had feared", says Chancellor George Osborne
  • £105m of government funding to support social impact bonds
  • The Charity Commission’s budget will be frozen at £20.3m a year until 2019/20
  • An extra £15m in grant funding, taken from the so-called ‘tampon tax’, to support women’s charities
  • An unspecified increase in funding for the Arts Council, museums and galleries
  • An expansion of the National Citizen Service to 300,000 places by 2019/20
  • Allowing local councils to retain business rates, but no word on safeguarding the 80 per cent mandatory relief for charities
  • A pilot of the extension of the right to buy involving five housing associations will begin from midnight tonight
  • The government will in December publish a call for evidence for its review of the Gift Aid Small Donations Scheme, which was announced in the Budget last year
  • The government will give £25m over the next three years to support a range of military charities and other good causes, using funds received from fines on banks 
  • Charities will be granted an exemption so they are not required to pay a tax charge on loans or advances made by close companies to charity trustees for charitable purposes 

For more detailed coverage, check the Third Sector website or follow @ThirdSector on Twitter

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Five ways to manage risk

Accidents happen and liability and property claims often follow. However there are measures that can be put in place to reduce the risk and prevent claims