Futurebuilders ponders new fund

The lender is weighing up a scheme to improve the sector's financial management skills

Futurebuilders England is considering launching a fund aimed at improving the financial management skills of third sector organisations.

Jonathan Lewis, chief executive of the government-backed loan fund, told delegates at the Funding the Future conference in Westminster yesterday that his organisation was looking into the new product, provisionally called the Finance Directors Fund.

"One thing I would look to do is put money into good financial management," he said. "According to one of the top people in the top accountancy firms, most insolvency comes from poor financial management."

Lewis said that he hoped to launch a series of new products, focusing on different areas where the third sector needed funding to help improve organisations' ability to win contracts to deliver public services.

Futurebuilders is also considering starting funds that would help third sector organisations make strategic plans and bid for prime contractor status with government.

He said he wanted to create a number of different products to find out where there was the greatest need in the sector.

"We'll try a number of different things, and see what works," he added.

David Ainsworth recommends

Futurebuilders England

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

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