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Charity sector faces 60,000 redundancies due to Covid-19, warn economists

By August 19, 2020National News

From Civil Society

The coronavirus crisis is likely to cost the charity sector 60,000 jobs, an “alarming proportion”, according to new analysis by Pro Bono Economics (PBE).  PBE, in partnership with the Institute of Fundraising (IoF) and the Charity Finance Group (CFG), has today published the findings from its Charity Sector Tracker. This found that 19% of charities surveyed have already made redundancies and 23% expect to do so in the coming months.

Its analysis is based on a sample of 455 charities, which were surveyed earlier this month, and follows on from analysis earlier this year which identified a £10bn funding gap.

Last week the charity think tank New Philanthropy Capital (NPC) launched a redundancies tracker. This collated the 5,400 job cuts that have been announced so far, but the PBE analysis suggests this is just the tip of the iceberg.

Charities that have already begun redundancy consultations include the Scout Association, Anthony Nolan and Cancer Research UK.

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