Treasury rethink on 'clawback' aids development

Stephen Cook

A Treasury decision to change the rules on the 'clawback' of grants to voluntary and community organisations has been hailed as a landmark decision by the Development Trusts Association.

"This decision removes a whole set of difficulties and barriers, and is one of the biggest things the Government could do for community organisations that want to build up their trading," said Steve Wyler, director of the association.

The decision came last week after 10 years of campaigning against the rule, which meant that development organisations that received public sector funding would have to pay some of it back if they set up profitable trading operations.

The change will mean that such organisations will be able to keep the profits, provided they are used for the development purpose for which they were awarded the original grant.

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