November 1, 2024
Third sector urge for more support from Jersey finance sector #IndustryFinance

Third sector urge for more support from Jersey finance sector #IndustryFinance

CashNews.co

Charities in Jersey receive less than 2% of income from corporate sponsorships, according to a new report.

The Value of the Third Sector report said it contributed £230m to Jersey’s economy and that its contribution “often goes unrecognised”, the Jersey Community Foundation (JCF) said.

JCF said Jersey’s third sector, which includes charities, non-profit organisations, voluntary groups, social enterprises and housing associations, needed “greater engagement” from the finance industry.

Joe Moynihan, Chief Executive Officer of Jersey Finance, said there were “always different or alternative ways” of supporting the third sector.

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