A recent report by think tank, Pro Bono Economics (PBE) has found that the private sector’s contribution to charities is negligible. It states that charities and corporate partners are missing the chance to build stronger relationships and work together more effectively.
The research found that the average contribution made my businesses to charities is just £450 per year. The voluntary and community sector has had a difficult time throughout the COVID-19 pandemic, losing workforce, volunteers and donations, while the demand for their services has increased.
In Worcestershire, SMEs can work harder to collaborate and support local charities in a more effective way. This doesn’t necessarily need to be a financial contribution, as time and expertise offered by businesses to charities can be just as valuable and important.
The Worcestershire Local Enterprise Partnership, along with other partners, are encouraging businesses in the county to consider how they can support the not-for-profit sector, particularly local and Worcestershire-based charities, and how they can develop and nurture these relationships.