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.
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.