New register 'to boost charity investing'

Charity investing could be given a boost by a new register aimed at reassuring lenders that are worried about giving money to such an organisation.

According to Third Sector, the proposal has been put forward by the Directory of Social Change (DSC), which intends to make the list available on its GuideStar UK website.

It would include basic information about each charity that could be used by those wanting to make a donation or investment, such as individuals with high levels of private wealth.

Director of development at the DSC Graham Leigh was quoted as saying a lack of information regarding a charity’s activities means they are ’often overlooked’ by those interested in social investment.

’It should be possible for charities to report their work in a meaningful, compelling and comparable way without losing the uniqueness of which they are so rightfully proud,’ he remarked.

The news comes shortly after the news source reported the charity sector could be under threat from the government’s move to cut the Charity Commission’s budget by £900,000.ADNFCR-2318-ID-19800989-ADNFCR