22/06/2023
DCMS report £142m social investment fund increased charities’
Civil Society News reports A £142m government-backed social investment fund increased charities and social enterprises’ financial growth and resilience, according to new research.
An analysis of the impact of the Futurebuilders England fund, the first of its kind in the UK, showed that the programme significantly reduced deprivation levels and boosted economic output and productivity in communities. The scheme saw £142m of loans, grants and blended finance distributed to 406 charities and social enterprises in England between 2004 and 2010 to help them bid for, win and deliver public service contracts.
The analysis was carried out by the Department for Culture, Media and Sport (DCMS) and Social Investment Business.
