Businesses contribute no more to small charities and community groups than they lose in petty cash each year, according to research.
Pro Bono Economics, a non-profit consultancy founded by Andy Haldane, the former Bank of England chief economist, said that companies often paid lip-service to social responsibility while ignoring local communities.
Only £2.4 billion was given to small charities and civil society groups by businesses in England in 2019, equating to £450 from each business on average.
Nicole Sykes, director of external affairs at Pro Bono Economics, said: “Purpose has become a watchword in every business boardroom in recent years. But efforts will fall short if they fail to work with civil society.
“This research shows that the average contribution to small charities amounts
© Times Newspapers Limited 2021.
Registered in England No. 894646. Registered office: 1 London Bridge Street, SE1 9GF.