Money matters: Venturesome, Charity Finance Directors' Group, Firstport

David Ainsworth's round-up of what's happening in the finance world

Venturesome, the social lending arm of the Charities Aid Foundation, loaned a record amount of money during August. The fund loaned £800,000 to 10 charities and social enterprises, beating its previous monthly record of £700,000, which it set in May this year. "We have seen an increase in the number of quality applications coming through the door," said John Kingston, director of Venturesome.

The Charity Finance Directors' Group has appointed two new trustees: Sally O'Neill, director of finance at the Royal Opera House, and Mark Hilton, director of finance resources at Museums Sheffield. They replace Melvin Coleman, finance director of Amnesty International, and Tom Sterry, finance director of the Henry Smith Charity.

Two support organisations that work in partnership to allocate cash to social enterprises in Scotland have announced a new round of grants worth £56,000 to 14 businesses. Firstport, which allocates funds for the £1m Social Entrepreneurs Fund, said it had given away £205,583 this financial year, while Scotland UnLtd has given out £57,121 as part of its Millennium Awards Trust scheme. *

Send your finance news to David.Ainsworth@haymarket.com

* An earlier version of this story stated that Firstport distributed funds on behalf of Scotland UnLtd. Firstport have asked Third Sector to clarify that this is not the case.


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