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Taking Care Of Those European Financing Expectation After The Withdrawal Of The United Kingdom From

Page history last edited by Blaurbur 1 year, 7 months ago

Following the referendum in June, a number of charities have been seeking our counsel concerning the impact of the decision to leave the EU. Additionally, some enterprises have found their initiatives placed in very uncertain scenarios, with applications to funds like the ERDF (European Regional Development Fund) pending and no strong or dependable guidance from the Government or regional LEPs regarding whether or not the funding streams will still come to fruition.

Whilst at this phase not one person knows with confidence what the impact will be, we would certainly recommend that non profit organizations faced with the challenge of an unknown outcome from European funding follow these key steps:

1. Don't Panic!

In the years following 2008, charities and not-for-profits across the UK endured one of the worst times of economic downturn the nation has ever seen. In case you made it through the difficult times of the previous 8 years, you are most likely to make it through BREXIT as well. hlf evaluation is a site that has lots of up to date information about fundraising consultant.

2. Speak With Existing Funders

If you are mid-way through fundraising for a big undertaking, talk with your current funders now. In case they have committed already it's because they have confidence in your undertaking and will certainly be understanding of your predicament - some might even increase their funding offer to cover a potential shortfall.

3. Mitigate

Facing the issue head on and providing a short review of precisely how you plan to mitigate against a potential funding deficit - looking for other funders, scaling or phasing a project etc. - will certainly be perceived favorably by both current and potential benefactors alike, generating confidence in your organisation.

In case you need guidance regarding your growth plans or fundraising difficulties, do not hesitate to call one of our Directors for a casual chat.

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