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Analysis: Policy - Volunteering - Corporations offer funds forvolunteering plans

2 mins read

In March last year, when Chancellor Gordon Brown used his Budget speech to pledge 100m to Ian Russell's proposed framework for youth volunteering, a question mark hung over the Government's ability to secure more than half of this money from the private sector (YPN, 23-29 March 2005, p8).

Last month, in his pre-Budget speech for the coming year, Brown appeared to prove sceptics wrong by announcing that six multinationals and a charitable foundation had collectively pledged 3.5m.

Cashing in

The money is a large chunk of the initial 5m the Government wants to raise from the corporate sector by the end of this financial year to put Russell's recommendations into action, but is only part of the story.

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