Futurebuilders England has made its first investment offers worth £4,227,660 to 15 organisations working across England to deliver public services.
Futurebuilders England, the investment fund backed by the Home Office, aims to improve public service delivery through long-term investment in the voluntary and community sector in England covering the five areas of community cohesion, crime, education and learning, health and social care, and support for children and young people.
The investment offers range in size from a £1.3 million investment package to a £9,750 development grant. The largest investment offer of £1,333,860 goes to The Who Cares Trust to develop an online support service for children and young people in care. The investment will develop the site and will also help to improve marketing and support to purchasers. The investment comprises a development loan, revenue grant, working capital by way of an overdraft guarantee, and capacity building.
A new Futurebuilders website will be launched on 5 April 2005, giving details of the application process and criteria for the next round of funding. This next Futurebuilders application window will open on Wednesday 1 June 2005 and will close on Friday 30 September 2005.
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