Futurebuilders fund launches with first grants from 5 July

Futurebuilders, the £125m government fund to improve voluntary sector public service delivery, is officially launched today.

Chief executive Richard Gutch will tell 1,000 invited guests that the fund will be open for applications from 5 July. It plans to offer a mix of grants and loans from £30,000 to several million pounds to around 250 organisations over the next three years.

Minister for the voluntary sector Fiona Mactaggart said: "The challenge for voluntary and community organisations is to become more independent and self-sustaining. Futurebuilders is an important step in that direction, sowing the seed for an expansion in the scale and scope of public service delivery by the sector."

The fund's website www.future builders-england.org.uk explains to charities how to apply.

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