Last updated June 2020

Legacy Foresight have updated their five-year UK market forecasts to take into account the very latest information on deaths, economic projections and administrative delays due to COVID-19.

All of these factors have deteriorated since scenarios were produced at the end of March, signifying a more dramatic decline of 8% to 27% in legacy income over the coming year.

However, the negative impact is expected to be relatively short-lived, and forecasts for the next five years continue to suggest market growth. Even based on more pessimistic scenario, legacy incomes over the five years 2020 to 2024 will be just 5% lower than pre-COVID-19 estimates.

Overall, legacy incomes are still expected to grow over the next five years, increasing from around £3.2bn in 2019 to £3.7bn-£3.8bn in 2024.

---

## About SCVO

SCVO (Scottish Council for Voluntary Organisations) is the national membership organisation for Scotland's voluntary sector.

Our role is to champion the role of voluntary organisations in Scotland and to support them to do work that has a positive impact.

SCVO supports members and the wider voluntary sector with all aspects of setting up and running a voluntary organisation. SCVO represents the needs and concerns of the voluntary sector to the Scottish government in Holyrood and UK government and Westminster. Through our learning and events programme SCVO offers training and development opportunities to the sector.

Members access an extensive membership benefits package including specialist, in-depth, 1-to-1 guidance from our Information Services team and from professional service partners.

Access to exclusive membership networks (including comms, employers, governance and policy) supports members to grow their connections, stay up to date, exchange ideas and views with peers, and learn through tailored, learning opportunities.

SCVO members enjoy free access to Funding Scotland Premium to stay on top of funding opportunities to support their organisation’s financial resilience.

Discounts and savings savings on SCVO products and services (including our HR service, managed IT support, payroll service and events and training) and partner offers provide members with support to allow them to focus on delivering their organisation’s goals. Further SCVO products and services include [extensive digital support](https://scvo.scot/support/digital), a climate action resource [Growing Climate Confidence](https://climateconfident.scot), a voluntary sector publication [Third Force News](https://tfn.scot) and a voluntary sector jobs and recruitment service [Goodmoves](https://goodmoves.org).

For more information on SCVO membership, visit [SCVO membership](https://scvo.scot/membership)