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The Cabinet Office has opened a tender for the contract to manage the Futurebuilders Fund, which provides vital investment to third sector organisations delivering public services.
A contract notice has been published in the Official Journal of the European Union (OJEU). The Government is asking for potential bidders to submit expressions of interest by completing a Pre–Qualification Questionnaire and returning it to the Office of the Third Sector by 10 September.
The Cabinet Office will use the competitive dialogue process, which will allow it to discuss its needs and requirements with a selected pool of potential bidders with the aim of selecting one or more solutions capable of meeting its needs.
The Futurebuilders Fund is a groundbreaking programme that provides both loan and grant based finance to help charities, voluntary groups and other third sector organisations to develop the services they provide to the public. The contract is for the second phase of the Futurebuilders programme, which is to invest £65 million from the fund between 2008 and 2011 and manage the existing portfolio of investments made under the programme.
Campbell Robb, Director General of the Office of the Third Sector, said:
“Futurebuilders has proved to be an innovative and groundbreaking source of finance for third sector organisations who wish to deliver public services.
“The re–tender offers a fantastic opportunity for an organisation to manage this important fund that continues to enhance the third sector's ability to transform people's lives.”
The tender is for a fund manager who, in accordance with the Futurebuilders Fund's aims and objectives, will:
For more information, including a copy of the Pre–Qualification Questionnaire and the information pack, email the Futurebuilders Retender Project Team.
The Cabinet Office does not expect existing Futurebuilders recipients to be affected by this process.