Gradel Institute Hosts Inaugural Symposium

On 29 April, the Gradel Institute of Charity (GIC) hosted its first symposium. Titled ‘A Third Way of Doing Growth’, it brought together charity CEOs, economists, third-sector academics, impact investors and current and former civil servants to explore how the economic contribution of the third sector can be better recognised and substantially increased.

Key speakers, including Andy Haldane (Royal Society of Arts), Mary Pizzey (HM Treasury), and Matt Whittaker (Pro Bono Economics), highlighted how charities, social enterprises, and community organisations deliver essential services, from mental health and education to criminal justice and social care, and contribute significantly to our economy — potentially 5% of GDP, or £100 billion. They argued that better measurement and integration of civil society’s contributions —via tools like satellite accounts— could inform smarter policy.

The symposium also addressed the decline in volunteering post-pandemic, with discussions on how to adapt volunteer opportunities to the current socio-economic climate. The need for innovative approaches to funding and collaboration within the sector was a recurring theme, with calls for better coordination and support from both government and private funders. Discussions stressed the urgent need for targeted support, including fairer procurement processes, outcome-based commissioning, and investment in social infrastructure to strengthen social capital and community ties.

In conclusion, the GIC symposium highlighted the need for systemic change and cross-sector collaboration to unlock the third sector’s full potential—not just for economic growth but for a more inclusive, resilient society.