Louisa Darian


Policy Officer

NCVO


Louisa's picture

Louisa says...

Policy Officer


In an uncertain financial climate, the Sector needs to look at existing funding streams and consider what the likely impact of a recession may be on these. One area of interest is the Lottery. Is it recession proof?

Unsuprisingly there is little UK evidence due to the relatively short time the Lottery has operated in this country. However, evidence from the US suggests that Lottery spending may not necessarily decline in a period of hardship. In fact, an article I read recently quotes...

I recently read this excellent article from Venturesome, ‘Financing civil society, a practitioner’s view of the UK social investment market’. It really simply outlines the capital needs in the sector, supply of capital and challenges for the future. These challenges, unsuprisingly, include a lack of understanding of financial needs amongst VCOs.

I agree that in a tighter economic climate individuals may move away from ethical products. However we could also see an increase in some ethical activities, like ethical shopping. While ONS figures for July show overall retail sales down 0.3% sales from Oxfam’s shops were up 7%. People appear more inclined to go to Charity shops when feeling the pinch!