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During the summer of 2016, CVS Falkirk hosted a research intern from the University of Edinburgh to carry out a study to measure the economic impact of the third sector in the Falkirk Council area.
Building on study carried out in 2015, this study used primary data collected from 117 third sector organisations, supported by secondary data gained from the Office of the Scottish Charity Registrar (OSCR); third sector funding details in the Falkirk Council budget; and a mapping exercise of Social Enterprises carried out in 2014.
From the gathered data it was found that the third sector in Falkirk had a total income £103,217,291, with total grant funding of £3,291,269. This grant funding was drawn from a number of funding streams, including the Scottish Government and Falkirk Council. It was found that of the 360 organisations that financial data was available, 212 (58.9%) had an income of less than £25,000, with only 7 organisations (1.9%) had income of above £1,000,000.
The 117 organisations who responded to the research involved 3,563 volunteers, whilst also employing 415 art-time staff and 360 full-time staff. However, it was found that organisations with an income of less than £25,000 rely disproportionately on volunteers.
It is clear from the findings of the research that the third sector in Falkirk is healthy, growing and contributes to the local community in a variety of ways.
CVS Falkirk is already planning to build on this research in 2017 and looks forward to working with partners to show the value of the third sector to Falkirk.
For further details, the full report can be downloaded from the CVS Falkirk website.
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