Welsh voluntary sector funding in the post-2010 austerity period

Kapitsinis, Nikolaos ORCID: https://orcid.org/0000-0002-3285-9894 2021. Welsh voluntary sector funding in the post-2010 austerity period. Welsh Economic Review 28 , pp. 33-41. 10.18573/wer.261

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Abstract

The paper examines the funding of Welsh voluntary sector organisations (VSOs), in terms of income source and type, in the aftermath of the 2007-08 global economic crisis, seeking to explore marketisation trends. A detailed examination of voluntary sector income from 2010-11, at the beginning of the austerity period, to 2016-17, the financial year with the latest available figures, provides valuable insights to both academic and policy inquiry about VSOs and their financial resilience. Several works have examined the voluntary sector funding in the aftermath of the 2007-08 economic crisis (Osborne, 2012; Clifford, 2017). Osborne (2012) indicated that Scottish charities reacted positively to the effects of the recession, with Scottish Government funding increases compensating for the decline in voluntary donations. Clifford (2017) showed that English and Welsh charities’ income had significantly declined from 2008 to 2014. This paper provides some insights into how VSOs might respond to the current economic conditions affecting the Welsh economy.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance
Additional Information:	This work is licensed under the Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/.
Publisher:	Cardiff University Press
ISSN:	2397-8716
Related URLs:	Publisher
Date of First Compliant Deposit:	3 March 2021
Date of Acceptance:	26 January 2021
Last Modified:	04 May 2023 23:50
URI:	https://orca.cardiff.ac.uk/id/eprint/139109

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