# Barclays to provide £9.5 million matched funding for Futurebuilders England Modernisation Fund

- Link: https://fundraising.co.uk/2009/06/17/barclays-provide-95m-matched-funding-futurebuilders-england-modernisation-fund/
- Published: 2009-06-17T09:15:16+01:00
- Author: Howard Lake

![](https://www.fundraising.co.uk/files/images/news/Modernisation_fund_1245230021.
jpg)

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.

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](http://www.barclays.co.uk/commercial) 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.

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[Futurebuilders](http://www.futurebuilders-england.org.uk) 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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