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Futurebuilders Scheme

Volume 455: debated on Wednesday 10 January 2007

To ask the Chancellor of the Duchy of Lancaster if she will list the grants paid out under the Futurebuilders scheme; and what the amount was of each. (105511)

Futurebuilders investments are primarily loans-based. However, investment packages may include a grant element for capacity building or development.

To date 179 organisations have been offered Futurebuilders investments totalling over £68 million. Of this, £55 million has been offered as loan funding and £13 million as grant funding.

Investee organisations have so far drawn down a mixture of grant and loan funding totalling £15.9 million from the overall £68 million. A table showing the breakdown of each investment package and sums drawn down has been placed in the Library for the reference of Members.

Futurebuilders England (FBE) seeks consent from all of the organisations that it funds to publicise their investment. In some cases (those referred to numerically) this consent has not been given as yet either because the deal is still being discussed with the investee and has not yet been accepted, or because the organisation has specifically asked that FBE does not publicise their project. Organisations who do not want FBE to publicise their project do so for a number of reasons. For example, they may be in the midst of negotiations to purchase a property and would regard details of the investment as commercially sensitive, or are engaged in sensitive work such as running a women’s refuge and do not want to publicise their work or their location.