Hurd persists on Futurebuilders

Shadow minister dissatisfied with government's answers on action plan funding

Shadow charities minister Nick Hurd is to continue investigating whether the sector loan fund Futurebuilders will lose money to help finance the Government's third sector action plan.

Third sector minister Kevin Brennan gave Futurebuilders budget figures and outline figures for the financing of the action plan in response to Parliamentary questions from Hurd last week.

"The answers are enigmatic and have not cleared the smoke," said Hurd. He had earlier been told Futurebuilders was losing funds.

One of the answers said the £42.5m action plan was funded by up to £10m from the Department for Work and Pensions and £11.5m from the Department of Health.

"The remaining funding is a £13.5m drawdown on end-year flexibility and £7.5m from existing Office of the Third Sector budgets."

The Office of the Third Sector has declined to explain the last two figures in more detail.

Sources close to Futurebuilders confirmed that staff were told the fund would lose a total of £30m by 2011. But this turned out to be a mistake, the sources said.

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