Tuesday 03 Jan 2012 @ 09:45
Think Tanks
Think Tanks
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Charities could get £1 billion boost from company subsidies
Plans to turbocharge charitable donations by Britain's big companies are to be outlined in a new report from a major think-tank.
The Centre for Social Justice predicts that a scheme to encourage firms to subsidise voluntary work carried out by their employees would boost total private gifts to charities by around £1 billion a year.
The projected top up would be a significant increase on the £12 billion a year given to UK charities by private individuals and companies.
The "C-Volunteering" plan is part of a wider push by the CSJ to boost Britain's third sector and help unfashionable, grassroots charities to expand their support for the underprivileged.
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