Navca dismay on Futurebuilders

By Andy Ricketts, Third Sector, 30 January 2008

Navca, which represents small voluntary groups and local infrastructure organisations, has expressed concern over the Adventure Capital Fund's track record in handling grants after the ACF won the tender to run the Government's Futurebuilders fund.

The Cabinet Office announced this week that the ACF, which specialises in community lending, would take over running the fund, which provides grants and loans to third sector organisations. The ACF - chaired by Stephen Bubb, head of the chief executives body Acevo - will take over from April this...

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