Funding news

Loan body embraces risk - Wednesday 11 July 2007

Almost 10 per cent of loans that have been made by the Government-backed Futurebuilders scheme are in the highest risk category, according to a report launched at the organisation's annual conference last week.

Is Futurebuilders Working? shows that, three years into the programme, £4.7m of the fund's investments, equivalent to 9 per cent of the total, are rated "very high" risk or grade D, according to Futurebuilders' own ranking. Just over a quarter of loans, worth £11.2m, are "high" risk or grade C.

Read the full article here: