Our response to the Big Society Capital launch
We have today responded to the launch of Big Society Capital.
Sir Stuart Etherington, Chief Executive of NCVO, said:
‘It is fantastic to see Big Society Capital finally become a reality after what has been a long and arduous journey. We very much hope that it will lever in much-needed funds to a sector already starved of working capital.
‘Obviously this is only one piece of the puzzle, and it will be equally important that the voluntary sector is investment ready so that it can benefit from this income stream.
‘It is positive that the Prime Minister touched briefly on charities’ concerns on the impact of the tax relief cap on donations – we are glad that the door is at least still open on this issue and will continue to press the Government to exempt donations from the cap via the Give it Back George campaign. NCVO believes, as he does, in the need for more philanthropy, not less.’
Find out more about the Give it Back George campaign, led by NCVO, Charities Aid Foundation and the Philanthropy Review.