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Civil society and the economic crisis
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NCVO hosts summit to discuss the crisis
NCVO has invited sector leaders and government representatives to a summit on Monday 24 November to discuss the economic crisis and its impact on civil society. The summit will discuss the current financial climate, and look at lessons from the last recession. It will also seek agreement on a way forward for voluntary and community organisations. The summit will be co-chaired by CEO Stuart Etherington and Kevin Brennan, the new Minister for the Third Sector.
Press release: details of the summit
Charity leaders increasingly concerned about tackling credit crunch
NCVO’s latest quarterly Charity Forecast survey reveals charity leaders’ increasing uncertainty in the future of the sector and the financial security of the wider UK economy. Despite some leaders maintaining a positive outlook in the face of the credit crunch, overall confidence has plummeted in recent months.
Icelandic banking crisis
On 10 October NCVO Chief Executive Stuart Etherington met with Treasury Minister Paul Myners to discuss the Icelandic banking crisis.
Together with representatives from the Charity Finance Directors Group and Cass Business School, he sought assurances from the government that the estimated £120 million of charities' money invested in the banks will be protected.
The minister undertook to look at the risk to charity funds in Iceland's banks on a case-by-case basis, and to do everything possible to recover these assets.
NCVO continues to try and uncover the scale of the specific problem of Icelandic investments - any organisation who fears their assets may be at risk should contact us.
Joint statement on the Icelandic banking crisisNetwork
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