Charities in the UK - Industry Market Research Report

Funding falters: Charities see their income drop as people hold onto their money during the cost-of-living crisis

Industry revenue is expected to contract at a compound annual rate of 4.3% over the five years through 2023-24 to £51.2 billion. Industry growth has been constrained by falling funding from the EU because of Brexit. High-profile scandals have prevented major players from claiming government funding and reduced support from the public. In combination with public funding cuts, demand for social services has risen. Cuts to overseas aid budgets, announced in November 2020, are constraining revenue over the two years through 2023-24.

This industry includes organisations that meet the National Council for Voluntary Organisations’ definition of general charities. These are defined as non-profit organisations with a meaningful degree of voluntary participation and whose aims are in the public benefit. Excluded from the industry are broader civil society organisations, such as places of worship, independent schools, housing associations and government bodies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.