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The Social Investment Business, fund managers of the Futurebuilders Fund response to David Cameron's 'Big Society' Speech
Thursday 1 April 2010
The Social Investment Business welcomed David Cameron’s speech on the ‘Big Society’ with its support for the third sector, but expressed disappointment at the suggestion that the Futurebuilders fund is performing poorly. The National Audit office report that Mr Cameron referred to looked at the performance of the fund in its first phase and does not reflect the Fund as it is currently managed. Indeed, independent evaluation of the fund, which was published yesterday, is extremely positive.
Many of the organisations Mr Cameron refers to in his speech – community organisers, social enterprises and neighbourhood groups – are already the principal recipients of the Futurebuilders Fund.
We would welcome the opportunity to sit down with Mr Cameron and his advisers to discuss ways in which to improve the finance and support available to third sector organisations.
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1. For further information or interviews, please contact The Social Investment Business press office:
Liz Banks - 0207 842 7726/ 07809 504072 liz.banks@socialinvestmentbusiness.org
Nicola Jones - 0207 842 7755 nicola.jones@socialinvestmentbusiness.org
2. The Social Investment Business, the fastest growing social investor in the UK, exists to help social enterprises, charities and community organisations do more of what they do best – supporting people and communities most in need. We help organisations prosper by providing innovative financial solutions, business support and long term strategic thinking.
www.thesocialinvestmentbusiness.org @TheSocialInvest
3. The Social Investment Business manages Government funds on behalf of the Office for Civil Society, the Department of Health and the Department for Communities and Local Government, with over 1,000 active investments. These range from £3,600 to help a small organisation bid successfully for a public sector contract, to £6.7million to help a large national charity establish and develop innovative new services for children and young people.