Right after the referendum in June, quite a few charities have actually been seeking our advice regarding the impact of the decision to leave the EU. Additionally, some organisations have found their initiatives positioned in very uncertain scenarios, with applications to funds including the ERDF (European Regional Development Fund) pending and no strong or reliable guidance from the Government or regional LEPs regarding whether the financing streams will still come to fruition. fundraising review
Whilst at this stage nobody knows with confidence exactly what the impact will be, we 'd recommend that non profit organizations faced with the difficulty of an unknown result from European funding comply with these vital steps:
In the years after 2008, charities as well as not-for-profits throughout the UK endured one of the most awful periods of recession the nation has ever seen. In case you managed to get through the challenging times of the previous 8 years, you are highly likely to make it through BREXIT also.
If you're mid-way through fundraising for a capital undertaking, talk with your current funders now. In case they have actually committed already it is simply because they have confidence in your undertaking and will certainly be understanding of your situation - some may even raise their grant offer to cover a potential deficiency.
Facing the issue directly and giving a brief evaluation of how you plan to mitigate against a potential funding deficiency - looking for additional funders, scaling or phasing an undertaking etc. - will certainly be viewed positively by both present and potential contributors alike, generating confidence in your organisation.
If you need advice concerning your development plans or fundraising challenges, don't hesitate to contact one of our Directors for an informal chat. You can find 1000s of web sites with important information pertaining to 'prospective research' this is among the finest ones prospect researcher.