The programme, run by the Council of Ethnic Minority Voluntary Sector Organisations, brings probably the largest single investment in the black and minority ethnic voluntary sector in the UK, he concludes.
In the report, Craig argues that the programme shows investment from national and local government and other funders can lead to sustainable outcomes.
"The relatively modest investment in this programme has produced significant results in terms of the growth and increasing stability of the BME voluntary and community sector," says the report. "Government should be encouraged to increase this investment."
The programme involved MBA-qualified capacity-building officers working with black and minority ethnic organisations to develop their business skills.