Tuesday, November 19, 2013

UK venture philanthropy market doubles to �166m

UK venture philanthropy market doubles to �166m: The value of venture philanthropy grants, loans and investments in the UK has more than doubled in two years, to reach a total value of �166m, according to new research.

Research and fundraising consultancy Factary revealed in its report that there is now twice as many players in the local venture philanthropy market as there were two years ago, when it last produced a survey of venture philanthropy in the UK. Total income is also up 171 per cent at �274.4m. New entrants had a total income of �92.9m in 2012 so make up a large percentage of this figure.

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