# CFDG welcomes futurebuilders

- Link: https://fundraising.co.uk/2003/07/20/cfdg-welcomes-futurebuilders/
- Published: 2003-07-20T23:00:00+01:00
- Author: Howard Lake

The Charity Finance Directors’ Group has given a big welcome to the proposals for
futurebuilders and its much needed investment in capital projects.
CFDG particularly
welcomed the plans to devote 80% of futurebuilder funds to capital investment. CFDG
has argued that investment in efficiency and capital projects has for too long been
under funded.

CFDG are keen for the government to invest in the central infrastructure of organisations,
or to help small organisations instigate collaborative working projects. “If invested
in projects such as these the fund will have a life far beyond its existence,” says
the group.

CFDG are also supportive of the proposed Business Support Function and believe it
could be used to encourage small charities to set up joint projects.

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However CFDG sounded a note of caution by stating categorically that futurebuilders
alone cannot make a huge impact on the objectives it sets out to achieve. Its impact
will be much greater if other proposals put forward in the Cross Cutting Review 
are fully implemented, namely that of full cost recovery, and the effective use 
of the ACU’s new infrastructure fund.

Shirley Scott, the Chief Executive of CFDG said: “For too long charities have subsidised
the cost of investing in capital projects for improving public service delivery 
by using donated funds. We are pleased that we at last have a fund, in the shape
of futurebuilders, that will actually address some of the infrastructural weaknesses
in organisations. We are also encouraged by the idea that futurebuilders, with its
diverse forms of finance and its pro-active business support function, might itself
become an innovative and exemplary funding model. CFDG are pleased that the Treasury
have made the most of the futurebuilders opportunity.”

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