£4m cashflow fund for service delivery charities opens

Finance | Tania Mason | 18 Mar 2009

Futurebuilders England has launched a £4m short-term cashflow fund to help service delivery organisations who need extra support to help them win more business.

The Cashflow Fund will offer bespoke bridging loans, reserves cover and overdraft guarantees of at least £50,000, with no upper limit.

Managing director of investments, Sue Peters, said Futurebuilders had calculated there is more than £20bn worth of contracting opportunities available to the sector over the next two years, meaning that now is a time of great opportunity despite the recession.

“The fund will target those organisations that need additional support to help them cover short-term gaps in cashflow, enabling them to capitalise on opportunities they may have otherwise missed out on,” she said.

To be eligible for the fund, organisations must be committed to winning public sector contracts; be willing and able to take on a loan; generate more than half of their project’s income from public funds; and be unable to secure a loan for their project from a commercial bank.

Applications will be allocated on a first-come, first-served basis, until the £4m is used up.

Directory: Futurebuilders England
Who's Who: Tania Mason

Comments

[Cancel] | Reply to:

Name *

Email *

Organisation

Job Title

Comments *

Verification *

* Please read our Community Standards

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

Robust but respectful debate
Strongly held opinions
Intelligent relevant discussion
The sharing of relevant experiences
New participants

We will not publish:

Rude, threatening, offensive, obscene or abusive language, or links to such material
Links to commercial organisations or spam postings. The comments board is not an advertising platform
The posting of contact details for yourself or others
Comments intended for malicious purpose or mindless abuse
Comments purporting to be from another person or organisation under false pretences
Gratuitous criticism, commentary or self-promotion
Any material which breaches copyright or privacy laws, or could be considered libellous
The use of the comments board for the pursuit or extension of personal disputes

Be aware:

Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
Comments left by others may not be accurate, do not rely on them as fact
You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

Enjoy the opportunity to express your opinion and respect the right of others to express theirs
Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.