Briefing for voluntary, community and faith groups and organisations
The Comprehensive Spending Review fixes the spending budgets for each Government department for the next period of office (2010 – 2015) and was presented by the Chancellor, George Osborne to the House of Commons on 20 October 2010. This Spending Review comes at a time when the government is spending significantly more money than it raises in taxation and is having to meet the gap (deficit) by borrowing at record levels.
The exact impact is uncertain as many specific decisions and details are to be announced. Tameside Third Sector Coalition (T3SC) expect that Tameside’s statutory services will not be fully aware of their own individual budgets until the end of this year or beginning of 2011. However the spending review will undoubtedly affect voluntary, community and faith sector funding where government funding makes up 38% in the UK, and will be particularly relevant to the 13% of charities that get over half their income from government.
Key announcements in the Spending Review for the sector include a new £100 million transitional fund aiming to help the voluntary and community sector adjust to new public spending budgets and additional resources to implement the Big Society agenda.
For all sectors including the VCF sector these are uncertain times but they may bring opportunities as well as inevitable challenges.
T3SC has written a Comprehensive Spending Review briefing to help understanding of the details and potential implications of the Spending Review nationally, regionally and locally. We will continue to work to support the voluntary, community and faith sector in Tameside and work with you to represent the sector’s views to decision makers as the implications of this spending review for our sector become clearer.