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Midi Music in Deptford offered financial lifeline by Charities Aid Foundation
A CHARITY which was thrown a £36,000 lifeline has warned that times have never been tougher for the voluntary sector.
After being turned down for an overdraft by its high street bank, Deptford's Midi Music, which helps disadvantaged young people break into creative arts careers, faced an uncertain future.
But things changed when the charity, backed by patrons Jazzie B, Normski and Shovell, was given a loan of £36,000 this month by the Charities Aid Foundation (CAF).
Executive director Wozzy Brewster said: "I've been working in the sector for 30 years and things have never been so tough financially - the funding landscape for charities is in crisis.
"For the first time in our 17 year history we have had problems with our cashflow and need financial help.
"Our local high street bank, where we've been a customer since we were founded, would not help us. We tried all the trusts and grants routes, but I could see that they are overwhelmed."
Set up in 1995, each year the charity helps 2,500 people aged from five to 30 find out about music and the industry through a range of courses.
Jazzie B from legendary group Soul II Soul, said: "Our children and young people are disenfranchised and our work is more vital than ever.
"Our work leads to careers in the creative and cultural industries, and has inspired and supported many young people, some of whom may have otherwise got involved in gang violence and crime."
The CAF is a charity set up to help other third sector organisations by working with donors and companies to encourage funding.
To find out more about Midi Music, based in Watsons Street, visit themidimusiccompany.co.uk