'No guarantee' Futurebuilders pot will remain £215m

Campbell Robb, director general of the Office of the Third Sector, unable to assure Commons committee

The director general of the Office of the Third Sector remains hopeful that Futurebuilders will continue to be a £215m fund, but cannot give a guarantee.

Campbell Robb was responding to questions from Richard Bacon, Conservative MP for South Norfolk, about whether the Futurebuilders budget had been reduced to help pay for the Government's £40.5m third sector action plan, which was announced by the OTS in February.

During an evidence hearing by the Commons Public Accounts Committee, Bacon asked if money committed by Futurebuilders but not yet drawn down had been diverted to the action plan.

Robb said the OTS had allocated the action plan £13.5m from an end-of-year pot for funding "flexibilities", but this money had accumulated over a number of years from various sources.

He said it was not easy to give precise funding figures for Futurebuilders, which gives loans to charities to help them bid for public service contracts, because it was difficult to assess how much investees actually spent and how quickly they drew down funding. "We are still hopeful it will be a £215m fund, but we cannot commit to it," he said.

Robb did, however, confirm that the action plan would be worth £40.5m and not the £42.5m the OTS originally said.

The volunteer brokerage scheme, a key strand of the action plan that pays charities to provide volunteering opportunities for jobseekers, is worth £8m and not the £10m previously stated.

Robb said the contract for the scheme, which is being managed by the Department for Work and Pensions, had just been signed for £8m.

The remainder of the action plan is being funded by £11.5m from a Department of Health fund and £7.5m from a reprioritisation of OTS funds.

John Plummer recommends

Office of the Third Sector

Read more

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Digital fundraising tips and tricks

Digital fundraising tips and tricks

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now