Funding news

Applications to Social Investment Business total £500m in the past year - 1 March 2010

The grant and loan fund administrator reports high demand from charities.

Social Investment Business received more than 3,000 applications for investments totalling more than £500m in the past 12 months, according to its first impact report, Investing in the Future.

The organisation, which manages the government funds Futurebuilders England, Communitybuilders, the Social Enterprise Investment Fund and the Modernisation Fund, published the report last week.

Social Investment Business, which is a social enterprise, manages 440 investments worth between £3,000 and £5.9m.

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