JGP News
A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
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Lending initiative released for third sector groups
A new borrowing fund has been unveiled for those operating in the voluntary sector, it has been revealed.
Launched by Futurebuilders, the scheme allows community and voluntary organisations to apply for loans to help them bid for public service contracts.
Repayable over three years, the interest-free loans offer sums of between £3,000 and £50,000 to help third sector groups meet the costs associated with applying for such deals.
Phil Hope, minister of the office for the third sector, said: "The new Futurebuilders tender fund is highly innovative and really at the cutting edge of projects designed to help the third sector develop its public service role."
Such news could be of interest to third sector groups looking for an effective way in which to maintain sustainable efficiencies during the public services tendering process.
Overall, the loan fund is worth £1 million and is available to those who can prove they are unable to secure borrowing from a private lender.
Earlier in June, the Camberwell Project reported that third sector groups should make more use of bond and share issues to help raise funds.
More about sustainable efficiencies.
