£125m service fund for volunteers
28 August 2012
The government has set up a £125 million fund to support voluntary and community groups that want to compete for public-sector contracts.
The government-backed consortium FutureBuilders expects to invest in 250 organisations in the next three years with loans and grants ranging from £10,000 to several million pounds.
The cash will enable organisations to bid for contracts that are usually taken by local authorities and hospitals such as meals on wheels or rehabilitation services for the elderly....