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The Church of England has introduced a new three-year financial strategy that focuses on boosting clergy compensation and strengthening local parish initiatives. This updated plan includes a significant increase in stipends for clergy members and expanded support for church operations across the country.
The Church’s endowment fund, which contributes roughly 20% of its yearly income, is projected to supply around $2.17 billion (£1.6 billion) through 2029. This marks a 36% rise from the previous three-year funding cycle. A key part of the plan is a 10.7% stipend increase for clergy, intended to address recent declines in real wages due to inflation. The proposal aligns with a broader effort to improve clergy well-being, which also includes pending discussions about enhancing pension benefits at the upcoming General Synod.
Additional funds—about $129 million (£95 million)—have been designated to support clergy housing during retirement and to assist individuals preparing for ordination. The Church emphasized that its recent trend of rising attendance over the past four years has motivated a push to sustain growth and strengthen outreach in local neighborhoods.
Mission and ministry investments will rise by nearly 9%, surpassing $564 million (£416.4 million), with a substantial share directed toward low-income communities. The plan also includes provisions to maintain the nation’s historic cathedrals and help meet environmental sustainability goals, including progress toward Net Zero.
Archbishop of York Stephen Cottrell emphasized the Church’s mission to bring the message of Christ to all parts of England. He highlighted the vital role of clergy and local congregations, underscoring the importance of directing resources to areas with the greatest need. Cottrell called the Church’s financial stewardship a collaborative effort, rooted in the generosity of individuals and communities across the country.