Charities set for rise in turnover

Scotland’s voluntary organisations have predicted a rise in turnover and employment in the coming year.

A study from Social Investment Scotland (SIS) also shows that 82 per cent of “third sector” organisations expect turnover to grow in the year ahead, with 66 per cent experiencing a rise over the past 12 months.

Its survey of 47 social enterprises and community bodies found they employed 1,211 full-time staff, up 33 per cent on last year, and that figure is predicted to grow to 1,334 next year.

SIS has lent more than 
£43 million to charities since it was founded in 2001 and chairman Nick Kuenssberg said: “It is very encouraging to see the 
optimism displayed by our customers, with the majority expecting to, at the very least, maintain their current levels of activity, despite the current economic climate.”