Funding news

Adventure Capital Fund linked to assets fund role - Wednesday 11 April 2007

The Adventure Capital Fund, the charity that provides investment for community organisations, could be given responsibility for carrying out due diligence on organisations bidding for grants from the new £30m Community Assets Fund.

The fund, which was launched a fortnight ago by Ed Miliband, minister for the third sector, will enable community-led voluntary organisations to own and run underused public buildings.

A spokesman for the ACF said its involvement in the fund had been confirmed by the Office of the Third Sector, but the extent of it would not be finalised until the end of a 12-week consultation.

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