Following the referendum in June, various charities have actually been looking for our guidance about the impact of the decision to leave the EU. In addition, some enterprises have found their initiatives positioned in very uncertain scenarios, with applications to funds like the ERDF (European Regional Development Fund) pending and no strong or consistent support from the Government or regional LEPs regarding whether the funding streams will still come to fruition.
Whilst at this phase not one person knows with certainty what the effect will be, we would certainly recommend that non profit organisations faced with the challenge of an unknown result from European funding adhere to these key steps:
In the years after 2008, charities as well as not-for-profits across the UK endured one of the most awful times of recession the country has ever seen. If you made it through the tough times of the previous eight years, you are highly likely to make it through BREXIT too. fundraising professionals
If you are mid-way through fundraising for a capital undertaking, talk with your current funders now. If they have actually committed already it is simply because they believe in your undertaking and will be understanding of your position - some might even increase their grant offer to cover a potential shortfall. There are numerous fundraising counsel internet pages in the UK, if you're searching for additional information and / or bargains this site is a good starting place www.giftedphilanthropy.com.
Dealing with the issue head on and giving a brief evaluation of precisely how you plan to mitigate against a possible funding deficiency - looking for additional funders, scaling or phasing an undertaking and so on - will certainly be viewed favourably by both present and potential contributors alike, generating confidence in your organisation.
In case you require guidance concerning your growth plans or fundraising challenges, do not hesitate to speak to one of our Directors for an informal chat.