I know, I know. A lot of news today. But gimme like… 70% of your attention for 2mins.
We know that charities have seen a buttload of additional demand this year. 55% tell @probonoecon they may not be able to service it all. But where’s it coming from? This gives us a clue (1/)
Charities like @DeafBlindUK make up some of the 19% seeing more demand from their existing clients as they help them literally navigate the pandemic.
For them, it's mostly the first kind of demand we've identified - direct Covid consequences such as loneliness, isolation etc (2/)
Then, sure, there are crisis spillover effects. Foodbanks are definitely making up some of the 39% with existing service users needing more help AND new people coming to them.
But (SPOILERS) there are 3 other kinds of demand charities are facing we should pay attention to (3/)
1⃣ Backlogs and build ups of demand. I know, you've seen the front page of @Independent today, you know all about the 1million cancelled operations and heard @macmillancancer warn about waiting lists.
But what about the effects of backlogs on social outcomes? (4/)
🚫Community centres are closed
🏠Families are stuck and isolated
💻27% of charities had to cut services because they/their users lacked tech/skills
So opportunities for early intervention in social issues like youth offending have been cut off. And problems are now worse (5/)
This is exactly what @archwayproject told me they were worried about.
(Also Ian joked about how they couldn't afford champagne even for their metaphors, which I appreciated) (6/)
Today's new figures survey figures from @probonoecon show:
75% of charities expect demand to go ⬆️ in 2020
83% expect income to go ⬇️
So how do you clear the backlog and tackle ongoing demand? What falls through the cracks? (7/)
And that point about ongoing demand matters too. It’s not like charities went into this crisis super chill. 4 in 5 charities saw demand rise in 2019.
Take core homelessness
In 2010: 120,000 people on a typical night
In 2017: 153,000
Pre-pandemic problems have intensified (8/)
There’s a fifth kind of ‘demand’ too – for individual charities anyway. Shrinking supply can see pressures transferred. When Age UK Suffolk closed in July, older people in Stowmarket and Bury St Edmunds didn’t stop needing support. They were transferred to other charities (9/)
We're talking about something happening right now. 9mos into this crisis, they haven't been able to raise enough to meet demand for some basic connectivity needs (10/)
How much more of that will we see in 2021? Current numbers say a fair bit.
You can read all more about the different fronts of demand charities are facing right now alongside the latest sector data in @ProBonoEcon's new report here. END (11/11) probonoeconomics.com/news/press-rel…
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Now 4 months into working in the charity sector and… boy. Those 5 years I spent sarcastically muttering at the void about government needing better partnership with and support for business… I didn’t know how good the private sector had it. THREAD (1/10)
At every corner during the Covid crisis, financial support schemes have been designed for the private sector and (with the noteable exception of the £750m fund) charities have to make do with it. But it’s like charities have been handed their big brother’s oversized jumper (2/10)
Furlough works if you run a brewery chain. Send staff home and claim back their salaries when pubs close and orders dry up. But it doesn’t work it you run a charity providing support to families of alcoholics, seeing rising need and unable to bench your teams to save costs (3/10)
Yesterday’s GDP numbers showed a wee uptick in June, but we’re all still expecting jobs to keep bouncing down the rocky hill for a long while yet. Some of the reasons are obvious -end of furlough, second wave- but, in case of interest, some of the other less obvious ones: (1/6)
1. JRS/loans were designed for firms facing immediate loss of demand. But a bunch will experience a lag eg. The visual effects artists still able to work on film shot over Winter over Spring. But once processed, there’s nothing new to work on & help is less useful/withdrawn (2/6)
On a larger scale is fashion. There’s a debate raging about the wasted stock that was never sold this Spring. Reselling in Spring 2021 would strip work from fashion designers and manufacturers. One solution to drag it out rather than create new gap (3/6) drapersonline.com/news/is-covid-…
So you’re a CEO trying to run a business from your study. Your husband’s looking after the kids for the afternoon, you miraculously have a spare 5 minutes. With the news about negotiations, Brexit has been nagging at the back of your mind. What are we doing on that again? THREAD
You start emailing the lead of your Brexit planning team. Damn. They’ve been seconded onto your coronavirus team because crisis management skills are useful.
After 15 minutes of digging you give up, ask your PA if they can find the plans, call your CFO about the latest figures 2/
4 virtual meetings about face mask procurement and the rising mental health issues of your staff later, at least one and half of the kids are asleep. Your email pings with a file from your PA containing your old no deal plans. You open it. Swear again. 3/
Brexit has started to be A Thing again. Which is weird. But I’m told it’s my job to… you know… engage with it. So. Storytime.
Companies have obviously been dealing with the much bigger fire that is a global pandemic and the many resulting crises.
(1/something)
Turns out “all my customers are shut, all my suppliers are shut, I’m shut, how do I pay my staff/rent/bills?” is a more important question than “what about diagonal cumulation?” Also if your firm goes bust in May you care less about possible non-tariff barriers from January (2/)
But some firms have are now started to turn some thoughts to the topic again. So.
Here are three things that keep coming up on how coronavirus interacts with the UK-EU FTA negotiations from a business perspective: (3/)
This idea that businesses doing everything that they can to prepare for no deal and as such will be fine and dandy seems to be pretty persistent, so let’s have a look at 10 sectors’ preparedness – some more commonly known, and some where less attention is being paid (1/x)
(Dearest members, forgive me for a few sweeping generalisations here as I try to summarise what I know is very complex and nuanced, and varies on your exposure, business structure etc etc in 560 characters) (2/x)
💸Financial services💸
Preparedness: Arguably the 1st sector to swing into action, with its regulators demanding completed hard Brexit plans waaay back . They’ve spent £4billion preparing, but worked hard to reduce job moves OUT of the UK, creating new jobs in the EU (3/x)
Ah, I see we're going to be talking about business preparations for Brexit again today.
A reminder. Preparing for Brexit isn't necessarily good for the economy. And doing everything you can to prepare for Brexit, doesn't mean your business won't be hurt by the fallout (1/7)
The clothing firm that distributes their tshirts & jumpers round Europe from the Midlands. The only way they would have to avoid tariffs/delays into the EU is to move their distribution there. Moving jobs from the UK, something they don’t want to do. Readiness = jobs lost (2/7)
The Northern Irish company near the border that has been asked to do security checks in case of civil unrest. It’s disquieted their US investors and put them off putting more money into the company. Readiness = less investment (3/7)