Start a charitable fund

I like this new idea of participatory budgeting, but I wonder if the money could be used more imaginatively to generate extra funds, that could support larger charitable causes in the area. The principle is simple - let's not spend a penny for now, chuck it in an ISA and watch it grow!

Why the contribution is important

Because the money on offer is only sufficient to paint the playground (again) whereas, managed well, it could fund two entirely new play areas (for example). Alternatively, we could look to invest the money as a community on risky, high win, stock market enterprises - the wolves of Greentown!

by BenF on August 06, 2015 at 12:19PM

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Comments

  • Posted by John_Smith August 06, 2015 at 12:53

    This seems like a shrewd and very sensible idea. I just worry whether due to budgetary pressures the council is facing whether they can hold off on spending it or risk losing it. Also who's in charge the investment and is responsible for investing it appropriately?
  • Posted by JLogieBaird August 06, 2015 at 12:56

    How boring! Let's not do that - how are people supposed to get excited in an ISA?
  • Posted by Ali_S August 16, 2015 at 16:30

    I agree with Mr Baird, we should be investing in our communities by spending money to make things happen, improve people's lives and save money in the long run by funding projects that improve local economy or solve social problems.
  • Posted by DonMoray August 20, 2015 at 15:40

    This comment has been removed by a moderator.

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