Adventure Capital Fund to run £70m Communitybuilders

Finance | Gareth Jones | 30 Jun 2009

A consortium led by the Adventure Capital Fund (ACF) has won the contract to run the government’s £70m Communitybuilders programme.

Communitybuilders is designed to help organisations work towards long-term financial stability and away from grant dependency, via loans, grants, and access to expert support and mentoring.

ACF will be working in consort with Futurebuilders England and the Community Alliance, the latter of which comprises the Development Trusts Association, bassac and Community Matters.

Caroline Forster, Communitybuilders director at ACF, said: "The delivery team combines ACF’s track record as a leading investor in community anchors with Futurebuilders England’s fund management expertise and the Community Alliance’s grassroots understanding and support for community organisations.

“ACF has helped create some brilliant enterprises, firmly rooted in their communities. Communitybuilders means that we have much more substantial funding to do this which is extremely exciting for us.

“We are putting the team in place now so we are ready to deal with applications as soon as the programme goes live, and we are planning a promotional campaign to reach out to potential investees.”

Who's Who: Gareth Jones

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.