Futurebuilders England to manage Social Enterprise Investment Fund
Howard Lake | 12 March 2009 | News
The Department of Health has announced that a consortium led by Futurebuilders England has been selected as the fund manager of its £100 million Social Enterprise Investment Fund (SEIF).
Together with Partnerships UK, Futurebuilders England will provide extended services to the Department of Health to support organisations that are, or are aiming to become, social enterprises delivering health and/or social care services. Futurebuilders England will also manage the investments made by the Fund.
Futurebuilders England will develop a range of financial offers including loans, grants and equity investment products that can be provided by the Fund.
James Stewart, chief executive of Partnerships UK, said: “Social enterprises already make a huge contribution to the delivery of public services. This contribution is only going to increase in the future. Partnerships UK is delighted to be working alongside the Department of Health and Futurebuilders England to help social enterprises realise their full potential in delivering health and social care services”.
The Social Enterprise Investment Fund was developed following the 2007 Comprehensive Spending Review, and the Department of Health committed £100 million of funding for it until March 2011.
www.dh.gov.uk
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.