Leaders of U.K. aid network Bond are rejecting speculation that the organization faces closure if the Department for International Development does not renew its funding this month.
Signs of difficulty have been on the rise since Bond’s March financial statement warned about “volatility” in its funding streams. A key grant from DFID, that currently funds just under one-third of the organization’s budget, is set to run out this month, and it’s unclear if it will be replaced or in what amount.
While the Bond officials admitted to Devex that the organization’s funding position is not secure, they said this was the “new normal” of the U.K. charitable sector, and Bond would still exist, perhaps operating in a different form.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Gabriella Jóźwiak@GabriellaJ
Gabriella Jóźwiak is an award-winning journalist based in London. Her work on issues and policies affecting children and young people in developing countries and the U.K. has been published in national newspapers and magazines. Having worked in-house for domestic and international development charities, Jóźwiak has a keen interest in organizational development, and has worked as a journalist in several countries across West Africa and South America.
