History of IBG

IBG was created in May 2020. This followed a financial crisis in March 2020 where XR UK ran out of money and suddenly spending had to be reduced, especially VLE. After a such a successful 2019, funds were being spent too readily and when lockdown started, no public actions could take place which would rise donations. After inactivity during the winter of 2019/2020, funds were already draining. Thereofre IBG was set up so that Finance no longer had the responsibility for budgets, accounting and spending.