CSV is paid £100k interest on grant

The Department of Health has agreed to pay CSV interest on a £3.7m grant it withheld from the volunteering charity for 10 months.

Care services minister Ivan Lewis confirmed on Monday that the interest, thought to total more than £100,000, would be paid this week.

"I have agreed in principle that any loss of interest incurred by CSV as a result of the undue delays should be reimbursed," he said.

"Finance specialists from the department and CSV are working together to confirm the precise amount involved, and I expect the appropriate payment to be made within the next few days."

The settlement, which is believed to be the first of its kind, comes one month after CSV invoiced the DoH for interest on delayed funds for its capital volunteering programme.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
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

Managing risk at outdoor events

Managing risk at outdoor events

Partner Content: Presented By Markel

Voluntary and community events are increasingly popular, especially around this time of year.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now