Futurebuilders England announces second round of funding

Howard Lake | 25 May 2005 | News

Futurebuilders England has today made its second round of investments in the voluntary and community sector. Across England, 23 organisations are to share £8.1 million of investments, mainly in the form of loans, to help them deliver local or national public services.

Nearly £5.2 million of this funding has been offered to organisations operating outside London, with a further £2.6 million pledged to national projects.

The largest investment offer was made to BID Services with Deaf People, which provides services to deaf people in conjunction with local authorities. Futurebuilders offered £2.5 million to support the creation of a Cultural Centre for Deaf People, which will act as a focal point for the local deaf community.

This latest programme follows an initial investment of £4.2 million in 15 organisations announced in February 2005, taking the total Futurebuilders investment in England’s voluntary sector to £12.3 million, with more investments to follow over the summer.

The second window for applications opens on 1 June and closes on 30 September 2005.

Futurebuilders is a Home Office-backed investment fund for the voluntary and community sector. The fund totals £125 million. A further £90 million was announced for the fund by the Home Secretary in March 2005, which will enable it to continue to make investments until at least 2008.

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.