Futurebuilders launches £4m loan fund

Cashflow Fund will offer loans to charities committed to winning public sector contracts

A £4m loan fund to provide short-term cash to charities has been launched by Futurebuilders England.

The Cashflow Fund will offer bridging loans, cover for reserves and overdraft guarantees in tailor-made packages of £50,000 and more to charities delivering or hoping to deliver public service contracts.

"The fund will target those organisations that need additional support to help them cover short-term gaps in cash flow," said Sue Peters, managing director of investments at Futurebuilders England, the government-backed loan fund.

"Although bridging loans, reserves cover and overdraft guarantees are types of support we already offer our customers, we decided to earmark £4m specifically for those organisations that would most benefit from this sort of financial boost.

"It is just another way we can assist more organisations to win a share of the new contracting opportunities."

In order to qualify for money from the fund, organisations must be committed to winning public sector contracts, be able to take on a loan and be unable to secure a commercial bank loan.

The fund has no closing date for applications. For more information, visit the Cashflow Fund section of the Futurebuilders website.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

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


Expert Hub

Insurance advice from Markel

Guide: What insurance does your charity need?

Guide: What insurance does your charity need?

Partner Content: Presented By Markel

Third Sector Logo

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

Register now