Following the vote in June, quite a few charities have been looking for our advice about the impact of the decision to leave the EU. Additionally, some enterprises have found their initiatives placed in extremely unpredictable situations, with application submissions to monetary funds like the ERDF (European Regional Development Fund) pending and no solid or reliable guidance from the Government or regional LEPs as to whether the financing streams will still come to fruition.
Whilst at this stage no one knows with certainty what the impact will be, we would certainly recommend that charities confronted with the challenge of an unknown outcome from European funding comply with these essential steps:
1. Don't Panic!
In the years following 2008, charities as well as not-for-profits throughout the UK made it through one of the worst periods of economic downturn the nation has ever seen. In case you made it through the tough times of the last 8 years, you're very likely to make it through BREXIT also. For everybody who is looking at more data in regard to charity consultants this specific web site fundraising strategy template has got quite a few more articles relevant to prospect research uk.
2. Communicate With Current Funders
If you are mid-way through fundraising for a big undertaking, communicate with your current funders now. If they have actually committed already it is since they have confidence in your project and will certainly be understanding of your situation - some could even raise their funding offer to cover a potential shortfall.
3. Mitigate
Facing the issue directly and giving a brief evaluation of how you plan to mitigate against a possible financing deficiency - looking for other funders, scaling or phasing a project etc. - will certainly be viewed favourably by both current and potential contributors alike, generating confidence in your organisation.
If you require advice concerning your growth strategies or fundraising difficulties, feel free to get in touch with one of our Directors for an informal conversation.
No comments:
Post a Comment