consortium led by Futurebuilders England has been announced
by the Department of Health as the fund manager of its £100
million Social Enterprise Investment Fund (SEIF).
Futurebuilders England, in association with Partnerships
UK, will provide extended services to the Department of
Health to support organisations that are, or are aiming
to become, social enterprises delivering health and/or social
Commencing in June 2009, Futurebuilders England and Partnerships
UK will work closely with the Department of Health’s
Social Enterprise Unit, and an independent investment panel,
to support and assess applications to the Fund.
Futurebuilders England will also manage the investments
made by the Fund.
Futurebuilders England will design a range of financial
solutions including loans, grants and innovative equity
investment products, along with tailored business support
services that can be provided by the Fund.
Partnerships UK will use its particular expertise in working
with public bodies, to assist NHS staff who, through the
Department of Health’s “Right to Request”
process, wish to create new social enterprises.
Jonathan Lewis, chief executive of Futurebuilders England
commented: “We are extremely pleased to have been
appointed to run the SEIF on behalf of the Department of
Health. Having built solid foundations with the main Futurebuilders
Fund, we will use our expertise to extend and develop the
James Stewart, chief executive of Partnerships UK commented:
“Social enterprises already make a huge contribution
to the delivery of public services. This contribution is
only going to increase in the future.
"Partnerships UK is delighted to be working alongside
the Department of Health and Futurebuilders England to help
social enterprises realise their full potential in delivering
health and social care services”.
For more information on SEIF, go to www.dh.gov.uk