I receive a comment from Sam Thompson of the new economics foundation:
Amount of money nef receives from the current government = £0
Sam, might I suggest that you read your own accounts?
Principal funding sources
Our funding sources are diverse and we receive funding from trusts and foundations, local, regional
and national government and through consultancy contracts.
There is of course wibble room here for the nef.
The aim of nef is to work to establish an economy as if people and the planet mattered.
To advance this aim we work in fotlr Centres:
The Centre for Global Interdependence
. The Centre for W ell-being
. The Centre for the Future Economy
The Centre for Thriving Communities
It\’s the four Centres that get the government dosh, not the nef directly. But since they do mix funds, do transfer and do lift up funds from the Centres to the central body:
e) Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure
which meets these criteria is identified to the fund, together with a fair allocation of overheads
and support costs.
Support costs are, umm, £567,000 or so.
So, we\’re told that nef gets no money from the government. nef\’s accounts say they get money from local, regional and national government.
From the apparent structure, the government money goes to the four Centres, each of which are charged support costs, those support costs being what pays for the nef.
This is no government money goes to the nef is it?
Still, I suppose it\’s a paragon of clarity and simplicity compared to the normal reports from that quarter. Remember the Green New Deal which suggested we could increase the capital available for investment in green lovely thingies by lowering interest rates and imposing capital controls in a country that has imported capital for decades? Admittedly, I think that section was written by Caroline Lucas but then who would be stupid enough to let her write anything about economics?
At least we know they\’re being misleading rather than the more normal ignorance of the real world.