Bishops call for support for motion on church funds
The Church Commissioners would have to allocate an amount equivalent to one per cent of their endowment annually to Diocesan Stipend Funds, under a new Measure proposed by the Bishop of Hereford, Dr Richard Jackson and the Bishop of Bath & Wells, Dr Michael Beasley.
The fund currently stands at £11.1 billion, generating a hypothetical allocation of £111 million. On Monday, the two Bishops sent an email to all diocesan bishops urging them to support their proposal.