Voluntary sector to benefit from £125m futurebuilders fund

The Treasury's £125m futurebuilders fund will offer voluntary organisations a combination of grants and loans in order to make them "fit for purpose" to deliver more public services, it was announced last week.

The money, which is intended to help organisations "expand or improve their service delivery", can be used for a variety of purposes such as buying a building, conducting research or training staff.

The fund is divided between £100m for capital investment and £25m for resource funding.

Chief Secretary to the Treasury Paul Boateng said: "The government wants to make it easier for the voluntary and community sector to contribute to public service delivery. Futurebuilders will fund the best ideas in order to create exemplars that inspire and lead."

The Treasury says there will be no fixed allocation between grants and loans in the fund. The types of loan include loan guarantees, long-term patient loans and supported loans at below market rates.

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