Futurebuilders on hunt for new chair

Futurebuilders England has begun its search for a new chair ahead of its bid to continue running the Government's Futurebuilders fund for the three years beyond next April.

Current chair Peter Wheeler announced last month that he would be stepping down, saying the retendering period was “a natural point” to hand over.

According to the job advertisement, the new chair will need to be dynamic and have direct experience of complex decision making in an investment environment, as well as an ability to guide decisions “to balance the social and financial returns involved in high-risk lending”. The successful candidate will earn £20,000 a year for a time commitment of three or fours days a month.

Futurebuilders England chief executive Richard Gutch said the Government’s decision to expand the £215m Futurebuilders fund into all public service areas from next April would allow many more sector organisations to access its combination of loans, grants and professional support. He said: “If we win the retender to manage the fund, this will be a fantastic opportunity for a strategic thinker to lead our organisation into a new period of growth and opportunity.”

The closing date for applications is 19 October, but the successful candidate will not be confirmed until the outcome of the tender is known next January.

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