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Futurebuilders: Catz Club

Volume 485: debated on Wednesday 17 December 2008

To ask the Chancellor of the Duchy of Lancaster how much funding Futurebuilders has written off in total in relation to the charity Catz Club. (241591)

The Futurebuilders Fund is managed by Futurebuilders England Ltd. (FBE) under contract to the Cabinet Office and all Futurebuilders investment decisions are made by FBE.

FBE invested a total of £1,536,000 in Catz Club, which consisted of a capital grant of £170,000 and a loan of £1,366,000. The total funding written off by FBE in relation to the charity Catz Club is £841,979.

To ask the Chancellor of the Duchy of Lancaster what consideration the Futurebuilders Advisory Panel has made of the funding given by Futurebuilders to the charity Catz Club. (241593)

The Futurebuilders Advisory Panel was an advisory non-departmental public body established in March 2005 to provide independent advice to Ministers on the Futurebuilders programme. As part of the rationalisation of advisory bodies in the Office of the Third Sector, the Futurebuilders Advisory Panel held its last meeting on 1 April 2008.

The terms of reference of the panel were to:

Advise on progress, effectiveness and future developments relating to the (Futurebuilders) Fund;

Scrutinise and evaluate the activities of the Fund; and to

Influence the development of the Fund.

The Advisory Panel did not consider individual investment decisions made by Futurebuilders England Ltd.

To ask the Chancellor of the Duchy of Lancaster with reference to the answer to my hon. Friend the Member for Ruislip-Northwood, (Mr. Hurd) of 28 October 2008, Official Report, column 16W, on Catz Club, for what reasons Futurebuilders decided to terminate its relationship with Catz Club. (241888)

I refer the right hon. Member to the answer given to him on 24 November, Official Report, column 1124W.