Futurebuilders’ continuous opening (17/03/2006)

18.04.2006

Futurebuilders England, the government-backed fund for voluntary and community organisations that are planning to deliver public services, will be open for applications continuously from May 2006. The fund is changing its application process, from fixed windows to continuous opening, in order to better respond to the needs of the voluntary and community sector.

Futurebuilders’ Chief Executive, Richard Gutch, explained:

“We recognise that voluntary and community groups want to approach us for finance and support at any time of year, and that their funding requirements won’t necessarily fit into a three-month slot. We are keen to give groups the widest possible opportunity to develop their business plans and respond quickly to potential purchasers of their services. So from May this year organisations can submit proposals when it suits them.”

Futurebuilders has already approved investments for over 100 voluntary and community organisations. It currently has over £70 million left to invest in successful applicants from the last window, and those who apply from May onwards. Those interested in applying or wanting to find out more can call Futurebuilders’ enquiries line on 0191 261 5200 or email [email protected].

ENDS

For more information please contact Alice Grahame, Communications Officer, Futurebuilders England on 020 7680 7890

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Notes to Editors

1. Futurebuilders is the government-backed £125 million investment fund for voluntary and community sector.

2. Futurebuilders England offers a mixture of grants and loans to voluntary and community organisations that want to expand their public service delivery. Organisations must be willing to enter into contracts with public sector agencies to generate revenue for the services they provide.

3. So far Futurebuilders England has approved investments of £37 million in 115 organisations working in five key policy areas: health and social care, education and learning, children and young people, crime prevention and community cohesion.