3rd Sector - 1st Choice
Communities Secretary John Denham has commented on the importance of the third sector. Mr Denham said, "In the quest for leaner more efficient services we still need to find ways for councils to take advantage of the positive social outcomes the third sector provides." The unique skills and community benefits of the third sector must not be overlooked by councils looking to improve local public services, Communities Secretary John Denham said today. As part of Putting the Frontline First the Government proposed piloting Social Impact Bonds as a new way of funding the third sector to provide services. This has the potential to radically change how government funds the third sector, by rewarding social investors for work which reduces future social costs.
