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Futurebuilders 'Cashflow Fund' PDF Print E-mail
Thursday, 09 April 2009

Futurebuilders England, which is a government-backed fund offering investment and support to third sector organisations to develop their capacity for delivering public services, has announced the launch of a new £4 million Cashflow Fund.

Purpose: The aim of the fund is to provide short-term loans (up to two years) to community and voluntary organisations to cover short term cashflow needs or development capital (the money needed to support an organisation through the early stages of a scheme, before it can generate income) needed to bid for, win and deliver public sector contracts. The Cashflow Fund comes in a number of formats. These include:

•           Bridging Loans to help with short term funding gaps

•           Reserves covers to help organisations keep a minimum level of reserves on your balance sheet and Overdraft Guarentees.

The minimum loan amount that organisations can apply for is is £50,000. Applications can be made at any time via Futurebuilder online enquiry form or by phoning Futurebuilders enquiry line on 0191 261 5200.

http://www.futurebuilders-england.org.uk/our-products/our-products/cashflow-fund/

Source: Grants Online
Last Updated ( Thursday, 19 November 2009 )
 
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