How much is on offer? Futurebuilders will offer loans to third sector organisations with a turnover of £750,000 or more. Loans of between £30,000 and £500,000 will be offered at zero per cent interest for up to five years.
What will it fund? The loans will focus on mergers and activities related to the financial and capacity issues associated with merging.
Who can apply? Futuresbuilders will be inviting applications for loans from early April 2009 for a period of one year. It states that organisations who apply must be "viable". In the early summer, Capacitybuilders will be launching a programme for third sector organisations with a turnover of under £1m to help them explore the benefits of collaboration, merger and restructuring.
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