Finance: Capacitybuilders rules out bidding

Capacitybuilders has ruled out bidding to operate the Futurebuilders fund from next year.

A spokeswoman for Capacitybuilders told Third Sector that the organisation's board had discussed bidding to run the £65m fund from April 2008 but had decided against doing so.

Capacitybuilders had previously indicated it was interested in operating government funding streams in addition to the ChangeUp infrastructure programme (Third Sector Online, 3 July).

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