# Futurebuilders England and Capacitybuilders to deliver £16.5 million Modernisation fund

- Link: https://fundraising.co.uk/2009/03/02/futurebuilders-england-and-capacitybuilders-deliver-165m-modernisation-fund/
- Published: 2009-03-02T11:34:10+00:00
- Author: Howard Lake

**Futurebuilders and Capacitybuilders will together deliver the £16.5 million Modernisation
Fund, part of the Government’s £42.5 million initiative to help the third sector
through the recession.**

The Modernisation Fund is designed to help organisations “become stronger and more
resilient to the impact of the recession”. It consists of both loan and grant funding.

Futurebuilders will offer loans of between £30,000 and £500,000 to larger third 
sector organisations with a turnover of £750,000 and over. These loans will focus
primarily upon mergers, and activities related to the financial and capacity issues
associated with these. Applications for loans will be invited from early April 2009
for a period of one year.

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Capacitybuilders programme of smaller grants will be launched in early summer 2009.
These grants will be available to third sector organisations with a turnover of 
under £1 million to assist them with the purchase of business support to help explore
the benefits of collaboration, merger, restructuring and to help meet the costs 
associated with these.

www.cabinet-office.gov.uk/third_sector

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