Futurebuilders-funded charities win contracts worth £7.7m

By Andy Ricketts, Third Sector Online, 13 August 2008

Voluntary organisations won contracts worth £7.7m from April to June this year because of investments from Futurebuilders England, the fund has claimed.

An internal review by Futurebuilders showed that third sector organisations it funded had signed 44 public service delivery contracts in the three-month period.

"We are encouraged by the fact that so many of our investees have been successful in winning contracts over the past few months," said Jonathan Lewis, chief executive of Futurebuilders.

Futurebuilders, which mainly issues loans, will monitor the number of contracts won as a result of its investments every quarter. "We hope that by tracking the progress of our investees every three months we will be able to see a real increase in the number and value of contracts won," said Lewis.

"This allows us to capture some really positive commissioning stories and help us to find out about ways we can support organisations to win contracts."

Futurebuilders, a government-backed fund offering support and investment to third sector organisations delivering public services, has offered more than £140m of its £215m to more than 280 organisations since its inception in 2004.

X

You must log in to add to your Storage Folder

All Comments Make a comment

There are currently no comments.

You must log in to comment on articles.