Third sector defies gloomy economy by winning more contractsBack to news

Wednesday, 19 November 2008

A second review by Futurebuilders England has revealed the third sector is defying the current economic downturn by increasing the value of public sector contracts won over the past three months as compared with the previous quarter.

The review also showed the loans-based investment fund is exceeding its government targets in the number of contracts won by organistions who have received an investment from it and the rate at which funding is being disbursed.

Futurebuilders conducted its first quarterly review into the targets earlier this year, which showed that between April 1 and June 30, 44 public service contracts worth in excess of £7.7m were won by organisations it had invested in.

The latest review, which looked at figures in the quarter between July 1 and September 30, revealed that a further 35 public service contracts had been won, worth more than £8.2m.

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