App-solutely challenging
9 May 2013
As one of a team of eight corporate graduate volunteers partnered with a small charity to develop a mobile...
Sorry for interrupting, but there is something we need to tell you...
We use cookies to ensure that we give you the best experience on our website.
If you wish to restrict or block web browser cookies which are set on your device then you can do this through your browser settings, the Help function within your browser will tell you how.
Gordon Hunter worries that the Lottery's new £200m Big Local Trust will reduce even further the grants available to the grassroots.
Predictably, the Dick Turpins of Big Society (wholesale bankers, venture capitalists and investment managers) continue their assault on public money. They've made their pitch for dormant accounts to be consolidated within a wholesale bank feeding national lenders. Now they're after the Lottery's 'Big Local' stagecoach.
CCLA, which already holds nearly £4bn of church and charity assets (in low-risk cash, equity and property portfolios), urges the Lottery to abandon narrow-minded traditionalism (grantmaking to the grassroots) and, instead, take a risk (invest in financial institutions, loan instruments and bonds).
Why?
Do we need more loans or would grassroots groups prefer a mix of grants and facilitation?
My view is that the Lottery should carry on doing what it has done so well with Big Local's forerunner, the Fairshare Trust: allocating money to local community panels that define need, commission services and award grants.
I would make Big Local even more grassroots by devolving investment management to local communities. They have a vested interest in optimising their resources and they will benefit from team building and learning about the markets.
Gordon Hunter is a champion of localism and director of the Lincolnshire Community Foundation
9 May 2013
As one of a team of eight corporate graduate volunteers partnered with a small charity to develop a mobile...
9 May 2013
John Tate asks whether the inexorable rise of the tablet will spell the end for the humble PC.
23 Apr 2013
Data might sound boring, but understanding it and using it better can open up opportunities for the sector,...
9 May 2013
Ian Allsop muses on the unattractive political career prospects of a charities minister.
9 May 2013
As one of a team of eight corporate graduate volunteers partnered with a small charity to develop a mobile...
9 May 2013
Alexander Swallow is what would commonly be described as a "rising star" in the charity sector. With six...
Charity Finance (with optional website)
from £119.00
BUY NOW