The strengths and drawbacks of grant funding – creating a sustainable funding mix

By Paul Streets OBE, Chief Executive, Lloyds Bank Foundation

It was always inevitable that the grants vs. contracts debate would rear its head in any review about statutory funding to the sector – as the Financial Sustainability Review highlighted, grants from government are at an all time low which inevitably prompts questions about what this means for charities on the ground. But it shouldn’t be a debate about one versus the other – sustainable funding needs a mix of funding sources and for us, we really worry things have gone too far one way. Continue reading