Barclays to provide £9.5 million matched funding for Futurebuilders England Modernisation Fund
Howard Lake | 17 June 2009 | News
Barclays Commercial Bank has agreed to allocate £9.5 million to match the funding of The Government’s Modernisation Fund. This brings the total fund available to £19 million.
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The Bank will work with Futurebuilders England on a case by case basis to provide loans to Third Sector organisations to help them become more resilient to the impact of the economic downturn.
Barclays Commercial Bank has also agreed to provide professional support to charities on how best to structure their finances, and it will help organise and jointly run seminars designed to give charity finance teams guidance and advice to support borrowing.
Futurebuilders is hoping to establish similar partnerships with other high street banks.
The Modernisation Fund was set up by Government to help third sector organisations be more
resilient to the impact of the economic downturn. It is focused on helping organisations providing services to those worst hit by the recession.
www.modernisationfund.org.uk
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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.