Right after the referendum in June, a number of charities have been looking for our guidance about the effect of the decision to leave the EU. Additionally, some organisations have found their projects placed in extremely uncertain scenarios, with application submissions to monetary funds like the ERDF (European Regional Development Fund) pending and no solid or consistent guidance from the Government or regional LEPs regarding whether or not the financing streams will still come to fruition. heritage lottery funding
Whilst at this phase not one person knows with confidence what the impact will be, we 'd recommend that non profit organizations faced with the difficulty of an unknown outcome from European funding adhere to these essential steps:
1. Do Not Panic!
In the years following 2008, charities and not-for-profits across the UK made it through one of the worst times of recession the nation has ever seen. If you managed to get through the difficult times of the last 8 years, you're very likely to make it through BREXIT also.
2. Speak With Current Funders
If you are mid-way through fundraising for a big project, communicate with your present funders now. In case they have committed already it is simply because they have confidence in your project and will be understanding of your position - some may even raise their funding offer to cover a possible deficiency.
Dealing with the issue head on and providing a brief review of how you plan to mitigate against a potential funding deficit - seeking additional funders, scaling or phasing an undertaking etc. - will certainly be perceived favorably by both existing and potential donors alike, generating confidence in your organisation.
If you require guidance concerning your development plans or fundraising challenges, do not hesitate to get in touch with one of our Directors for an informal conversation. Whenever you are looking into more data regarding hlf bid writers this internet page fundraising consultant features quite a few more well written articles associated with prospect researcher.