Colors: Blue Color

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.