Futurebuilders gets £25m funding boost
Government loan fund Futurebuilders announced at its conference yesterday that it is to gain an extra £25m funding from the Cabinet Office, bringing its total funding pot to £150m.
“We are absolutely delighted to have an additional £25m to spend in 2007/08,” commented Futurebuilders chief executive Richard Gutch. “The appetite for alternative finance is definitely growing.”
“Since we opened in 2004, Futurebuilders has received over 1,300 applications for over £1bn. This extra funding will help us to invest in many more third sector organisations,” Gutch added.