£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.
