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£215million Futurebuilders Fund opens to all areas of public service delivery

01 April 2008

From today, the Futurebuilders Fund, set up in 2004 to assist front-line voluntary and community organisations to build their capacity to increase the scale and scope of their public service delivery will be open to all third sector organisations, operating in a broader range of public service delivery.

The first phase of the Fund focussed on 5 areas of service delivery:

• health and social care
• crime
• community cohesion
• education and learning
• support for children and young people

As announced in Budget 2007, from 1 April 2008 onwards, Futurebuilders will now be able to invest in organisations operating in any public service sector. 

Today also sees the Futurebuilders Fund come under the management of the Adventure Capital Fund (ACF) following a commercial retender exercise. ACF will be responsible for investing an additional £65million of government funds, on top of the £150m already made available to the Futurebuilders Fund, to develop third sector delivery of public services between 1 April 2008 and 31 March 2011.  

Further information on the fund can be found in our  Funding, Finance and Support section or on the Futurebuilders website. 

• Futurebuilders [external website]