The creation of Futurebuilders was one of the recommendations in the Treasury?s Cross Cutting Review into the role of the voluntary and community sector in public service delivery in September 2002.
2003 ? 2007
In the autumn of 2003 the Government ran an open, competitive tendering process, managed by the Treasury, to find an organisation to run the Futurebuilders Fund.
This was won in December 2003 by a consortium made up of Charity Bank, Unity Trust Bank, National Council for Voluntary Organisations and Northern Rock Foundation.
The consortium then set up a non-profit company, Futurebuilders England Ltd, to manage the Fund.
In 2007, the Cabinet Office opened the tender to manage the contract of the second phase of the Futurebuilders Fund (2008-11).
2008
The second tender was won by the Adventure Capital Fund (ACF) which created Futurebuilders England Fund Management Limited to manage the Fund.
2009
On 17 September 2009, the trading name of Futurebuilders England Fund Management Limited was changed to The Social Investment Business. The Futurebuilders Fund along with The Communitybuilders Programme, the loan element of The Modernisation Fund and The Social Enterprise Investment Fund is now managed by the Social Investment Business.
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