Set up to increase the role the sector plays in the provision of public services, Futurebuilders intends to invest in around 250 organisations that work in areas such as education, health and crime. The amount invested in each group will range from £30,000 to several million. Although the scheme isn’t officially opened until 5 July, it is keen to start making investments as soon as possible.

To qualify for the early investments, applications will need to provide evidence that the service in need of development has been fully planned and is ready to be invested in, and that the management committee is prepared for the investment to include a loan element. They must also include details of a funder or purchaser who has previously worked with the organisation and is willing to share information about its working practices.

To find out more about whether your organisation qualifies or to apply, visit the Futurebuilders website at www.futurebuilders-england.org.uk