Following the referendum in June, quite a few charities have actually been looking for our advice concerning the effect of the decision to leave the EU. In addition, some enterprises have found their initiatives placed in very unpredictable scenarios, with application submissions to monetary funds including the ERDF (European Regional Development Fund) pending and no solid or reliable support from the Government or regional LEPs regarding whether or not the financing streams will still come to fruition. There are lots of fundraising strategies for charities online websites throughout the uk, if you are searching for more info or alternatively asking prices this great site is an excellent place to start fundraising consultants.
Whilst at this phase no one knows with certainty exactly what the effect will be, we ‘d suggest that non profit organisations confronted with the difficulty of an unknown outcome from European funding adhere to these essential steps:
1. Do Not Panic!
In the years after 2008, charities and not-for-profits across the UK made it through one of the worst times of recession the country has ever seen. If you managed to get through the challenging times of the previous eight years, you’re highly likely to make it through BREXIT too.
2. Talk With Current Funders
If you are mid-way through fundraising for a big undertaking, speak with your present funders now. If they have actually committed already it is since 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 deficiency.
3. Mitigate
Dealing with the problem directly and giving a brief evaluation of how you intend to mitigate against a possible funding deficit – seeking other funders, scaling or phasing an undertaking and so on – will be perceived favourably by both existing and potential donors alike, creating confidence in your organisation.
In case you require advice about your growth plans or fundraising challenges, feel free to contact one of our Directors for a casual conversation.