Thursday, 30 July 2015

Generation Rent Faces 'Oblivion' After Funding Cut

The campaigning group has made a name for itself in the national media as the voice for young renters, but faces a struggle to secure its future. It has launched a crowdfunding campaign to raise £60,000 by the end of August after backer the Nationwide Foundation ‘unexpectedly’ pulled the plug on £166,300 of funding, according to Generation Rent. The group said the funding had been due to run through to spring 2016, but was pulled over concerns that it had not done enough to secure its financial future as it campaigned during the general election. If its crowdfunding bid fails, the group will be forced to lay off its staff and will cease to function. Read more on the Generation Rent website.

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