Britain to offer 40 mln stg to struggling charities

The newspaper cited a survey of 260 large charities which showed that money held by them fell by 13 percent in the past year.

Britain to offer 40 mln stg to struggling charities

The British government is to offer a 40 million pounds ($59 million) bailout for charities struggling with a sharp decline in donations as a result of the recession, the Guardian reported on Monday.

The cash lifeline was likely to be welcomed by campaigners, but was less than a tenth of the 500 million pounds charities had asked for when they had talks with the government three months ago, the newspaper said.

"Charities, third sector organisations and social enterprises who give debt advice and help with mental health problems are all experiencing a step up in demand," the Guardian quoted Cabinet Secretary Liam Byrne as saying.

"We're launching a package of help with tens of millions extra for charities providing employment advice, mental health and family support services in the most deprived areas."

The newspaper cited a survey of 260 large charities which showed that money held by them fell by 13 percent in the past year.

Reuters

Last Mod: 09 Şubat 2009, 08:28
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