News

Charities join up to fight crunch

August 7, 2008 23:00

By

Dana Gloger

1 min read

Charities are being forced to share their resources to save money as the credit crunch bites at the heart of their services - at a time when more people are in need of their help.

More than 70 organisations in London and Manchester have managed to find an extra £500,000 as a result of working together as donations tumble

They are sharing everything from office equipment to IT services. One managed to save £135,000 on mobile phone contracts and a youth organisation cut its spending by 61 per cent.

The effects of the economic downturn have so far meant that some projects have had to be changed or downsized; charities have had to consider scaling back the services they provide while others have had to absorb the increasing costs.

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