Right after the vote in June, various charities have actually been looking for our advice about the impact of the decision to leave the EU. In addition, some enterprises have found their initiatives placed in very uncertain scenarios, with application submissions to funds such as the ERDF (European Regional Development Fund) pending and no strong or dependable 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 assurance what the impact will be, we 'd recommend that non profit organizations confronted with the challenge of an unknown outcome from European funding follow these crucial steps:
1. Don't Panic!
In the years after 2008, charities as well as not-for-profits throughout the UK made it through one of the worst periods of economic crisis the nation has ever seen. In case you managed to get through the challenging times of the last eight years, you are very likely to make it through BREXIT as well. prospect researcher
2. Talk With Existing Funders
If you are mid-way through fundraising for a capital project, communicate with your present funders now. In case they have committed already it is since they believe in your project and will certainly be understanding of your predicament - some may even increase their grant offer to cover a possible shortfall. www.giftedphilanthropy.com really is a site that has lots of up to date knowledge about fundraising consultant.
Dealing with the issue head on and giving a brief evaluation of precisely how you intend to mitigate against a potential funding shortage - seeking other funders, scaling or phasing a project and so on - will certainly be perceived positively by both present and potential contributors alike, generating confidence in your organisation.
In case you need guidance concerning your development strategies or fundraising challenges, do not hesitate to call one of our Directors for an informal chat.