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Handling Those European Financing Worries After Brexit

City:
State: Alabama
Dates: Nov/9 - May/31/2019
Location:
Details: After the referendum in June, various charities have actually been looking for our guidance concerning the impact of the decision to leave the EU. Additionally, some enterprises have found their initiatives positioned in extremely unpredictable situations, with applications to monetary funds like the ERDF (European Regional Development Fund) pending and no strong or consistent support from the Government or regional LEPs regarding whether or not the financing streams will still come to fruition.  Whilst at this phase nobody knows with confidence exactly what the impact will be, we 'd suggest that charities confronted with the challenge of an unknown outcome from European funding adhere to these essential steps:1. Don't Panic!In the years after 2008, charities as well as not-for-profits throughout the UK survived one of the worst periods of economic downturn the country has ever seen. If you made it through the tough times of the last 8 years, you're very likely to make it through BREXIT as well. You'll find 1,000's of web sites with data with regards to 'fundraising professionals' this really is one of the best websites fundraising review.2. Communicate With Current FundersIf you're mid-way through fundraising for a big project, speak with your present funders now. If they have committed already it is simply because they believe in your project and will be understanding of your position - some could even increase their grant offer to cover a potential shortfall. 3. MitigateDealing with the issue head on and providing a brief evaluation of precisely how you plan to mitigate against a potential financing deficit - seeking other funders, scaling or phasing a project etc. - will be viewed positively by both current and potential contributors alike, generating confidence in your organisation. In case you need guidance regarding your development plans or fundraising difficulties, do not hesitate to speak to one of our Directors for an informal conversation. heritage lottery funding
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