Good news for charities in Budget 09

Good news in today’s Budget for charities who are doing such an amazing job helping people up and down the country.

The big news was the announcement of a new £16.7 m Hardship Fund for charities, voluntary and community groups and social enterprises in England.

This is new money, aimed at helping organisations providing front line services which have been hit by the recession, including those who have been hit by financial turmoil.

More details on how the fund is going to work will follow soon from Office of the Third Sector based here in the Cabinet Office shortly.

The Chancellor also announced a consultation on the design and function of the Social Investment Wholesale Bank. The consultation will take place in the summer – further details will be available here shortly