# Futurebuilders announces first investments of £4,227,660

- Link: https://fundraising.co.uk/2005/02/25/futurebuilders-announces-first-investments-4227660/
- Published: 2005-02-25T00:00:00+00:00
- Author: Howard Lake

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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