Funding news

Futurebuilders consortium wins £100m DoH contract - 9 March 2009

A Futurebuilders England-led consortium will administer the Department of Health's Social Enterprise Investment Fund from June. The fund will offer grants, loans and equity-like products to social enterprises that deliver health and social care services.

Futurebuilders will work with Partnerships UK, a public-private partnership that helps NHS staff to create social enterprises.

Jonathan Lewis, chief executive of Futurebuilders, the £215m government-backed loan fund, said the decision was "fantastic news. It's an indication of all the work that's gone into Futurebuilders."

"The Department of Health looked at us with a completely fresh pair of eyes and liked what they saw.
"We've now got a £330m fund altogether, and we're not finished yet. We'll look at winning more government contracts.
"The more substantial we are the more good we can do for the sector."

To read the full article, go to Third Sector Online (opens new window).