ISSUE 511, MAY 2013
*SPECIAL FOCUS ON LOCAL PHILANTHROPY*
As public funds diminish, philanthropy is returning to its roots and focusing on local issues. But can the UK follow the US and embrace mission-related local investment, asks David Boyle.
In the centenary year of the Carnegie UK Trust, chief executive Martyn Evans looks back over its 100 years of innovative social change and argues for the need for greater partnerships to tackle today’s social issues.
The philanthropists of the past invested in the shared assets and common wealth of a city. A Local Endowment Fund for people-centred approaches to regeneration could do the same in the 21st century, says Julian Dobson.
Finding new sources of funding as the public sector retreats is a key challenge for local economies. The beginnings of a shift from large banks and funding streams towards localised sources of finance is driving change across the UK. Here’s ten of the best ideas for ensuring that finance works hard for its local area.
As household’s struggle with rising levels of debt, should local government step in to help? Clare Cummings reports on a scheme in Holland in which state support for debt management is paying off.