Funding news

Social Investment Business to run Futurebuilders Fund for another three years - 29 April 2013

Social Investment Business will continue to manage the Futurebuilders and Modernisation Funds for the Cabinet Office for a further three years after a successful contract bid.

The Futurebuilders Fund was established in 2004 to support voluntary sector organisations in building their capacity to deliver public service contracts, and has been run by Social Investment Business (SIB) since 2008. It was closed by government in 2010 and SIB has managed the relationship with borrowers since then, the majority of whose loans will run for another six years or more.

The new contract, which was competitively tendered, is for portfolio management only and there are no plans at present to advance any new loans.

For full details see the Civil Society Article.

Source: http://www.civilsociety.co.uk/finance/news