Following a report which found the number of charity mergers declined during the Covid-19 pandemic, Harriet Whitehead looks at why this may be and what the cost-of-living crisis means for future collaborations.
Duncan Shrubsole, director of policy, communications and research at Lloyds Bank Foundation for England and Wales (LBFEW) says the reason we haven’t seen lots of charities completely shutting or merging “is because if you’re a charity trustee, you take steps before it goes bust”.
Tracey O’Keefe, account director partnerships and mergers at Eastside People, notes some of the data in the report reveals that financial stress levels were not as anticipated during the year. “With government furlough schemes and funders stepping up to support our sector during the pandemic, perhaps financial stress as a key driver for merger was dampened down,” she says.
Read the full Civil Society article.