6 December 2006
The future role of the third sector in social and economic regeneration - interim report
In the Budget the Chancellor launched a review looking at the vital future role third sector organisations, such as social enterprises, voluntary and community groups, and charities play in our society. To inform the review the Chancellor promised the largest ever consultation with the third sector. In fulfilling this promise HM Treasury jointly with the Cabinet Office, working with other Government Departments, has conducted the largest ever consultation with the sector, reaching over 2,000 people, representing over 1,000 organisations across the country. There were a total of nine regional and 84 sub-regional consultation events, which included having targeted events for equalities and faith groups, social enterprises, the private sector and local government.
In his Pre Budget Report, the Chancellor set out the findings from the consultation, and as an early response to the issues raised during the consultation, and announced:
- a commitment from Government to see three-year funding settlements passed to third sector organisations as the norm rather than the exception;
- a community assets fund of £30m to enable communities and community groups to take on the management and ownership of assets;
- allocation of an extra £6.5 million within the Safer and Stronger Communities fund in Local Area Agreements, with a focus on building the capacity of local community groups and to help strengthen the voice of the local third sector.
Building on these announcements and recent investment in social enterprise, announced last month, the review will now undertake further work to set out a common vision for the partnership between Government and the third sector.
'The future role of the third sector in social and economic regeneration - interim report' is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Media links
PDF file of the future role of the third sector in social and economic regeneration - interim report (428KB)
(ISBN: 978-1-84532-231-1)
Related links
Charity and Third Sector Finance Unit
Third Sector (Cabinet Office website)
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