Futurebuilders' 200th loan goes to respite charity

Futurebuilders, the government-backed fund, granted its 200th loan last week.

The recipient was Suffolk-based charity Waveney Crossroads, which provides respite care services for those looking after people with disabilities.

Futurebuilders loaned Waveney £97,500 to help equip a new respite centre, which will allow all of the charity's day-care services to be carried out under one roof.

It has also agreed to provide a £60,000 revenue grant for Waveney to appoint a development manager to build additional services.

Suffolk County Council will contract the charity to support up to 60 beneficiaries and their families each year.

"Now that we have the money, the building work can be done to a relatively short timetable," said Sheila Hyde, treasurer at Waveney.

Figures from February show that Futurebuilders has so far offered £87.4m to third sector organisations.

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