The charity sector has long been a crucial support system for communities, but recent times have tested its resilience more than ever. Even before the dual crises of COVID-19 and the soaring cost of living, charities were faced with increasing demands for their services. Now, with rising operational costs and declining donations as households tighten their budgets, many charities are experiencing the impact.
Amid these challenges, charities are exploring innovative ways to work more efficiently and maximise their impact per pound spent. For many, survival has become a pressing concern. Reports from the Charities Aid Foundation highlight that over half of surveyed charities are worried about their future viability in the short term.
In this landscape, one promising avenue for achieving cost-effective impact is forming partnerships or collaborations. Our latest insight explores the power of partnerships, as well as some key considerations.
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