The past several years have been ones of financial upheaval, encompassing both the global financial crisis in 2007 and 2008 and cuts to public service spending under the Coalition government from 2010. Ongoing reductions in public spending have affected the voluntary sector as a whole; the most recent UK Civil Society Almanac showed that it lost £1.9bn from government between 2009/10 and 2012/13. 
The 40,000 small and medium-sized voluntary organisations in England and Wales, with an income of between £25,000 and £1m, have not been immune to these changes in the funding landscape and are operating in an increasingly challenging environment. These organisations account for nearly a third of the sector and one fifth of the sector’s total income (around £7bn) and play a key role in the delivery of services to communities across the country.
This research project, commissioned by Lloyds Bank Foundation for England and Wales, aims to explore how small and medium-sized charities have been affected by and navigated the changing financial landscape over recent years, drawing on NCVO’s unique historical dataset of charity financial accounts, compiled in partnership with the Third Sector Research Centre (TSRC). It seeks to improve understanding of the challenges and opportunities these charities face so that future policy interventions and funding decisions are better adapted to their needs.
The report can be found attached.
| Attachment | Size |
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 Navigating change.pdf | 3.11 MB |