Research undertaken by The Young Foundation on behalf of the Catalyst consortium in Summer 2011 concluded that the youth sector, which comprises around 11,000 organisations working with and for young people, has a total income of between £470 million and £580 million. However, the way that this income is being generated is changing.
The amount of money available from government through grants to start up or grow organisations, or as funding for core activities, is diminishing rapidly as public sector cuts to reduce the deficit increase. Meanwhile, the nature of funding to deliver services is also changing: more and more service related grants are switching to contracts, and these contracts in themselves are more frequently being operated along payment by results mechanisms that require organisations to wait until the delivery of services has been successfully completed before payments are made.
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