Managing Your European Union Funding Objectives Post The Withdrawal Of The UK From The EU

Right after the referendum in June, a number of charities have been seeking our counsel concerning the impact of the decision to leave the EU. Furthermore, some organisations have found their projects placed in very unpredictable situations, with applications to monetary funds such as the ERDF (European Regional Development Fund) pending and no solid or consistent guidance from the Government or regional LEPs as to whether or not the funding streams will still come to fruition.

Whilst at this phase nobody knows with assurance exactly what the effect will be, we 'd recommend that charities faced with the challenge of an unknown result from European funding follow these essential steps:

1. Don't Panic!

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 nation has ever seen. If you made it through the challenging times of the previous eight years, you're highly likely to make it through BREXIT too. There are various fundraising professionals web sites within the uk, should you be looking for additional information or maybe the cost this url is a superb kick off point fundraising advisers.

2. Speak With Current Funders

If you are mid-way through fundraising for a big undertaking, talk with your present funders now. If they have actually committed already it is simply because they have confidence in your undertaking and will be understanding of your predicament - some could even raise their grant offer to cover a potential shortfall.

3. Mitigate

Facing the problem directly and giving a brief evaluation of precisely how you intend to mitigate against a potential financing deficit - seeking additional funders, scaling or phasing a project and so on - will certainly be perceived favorably by both present and potential benefactors alike, generating confidence in your organisation.

In case you require guidance concerning your growth plans or fundraising difficulties, feel free to contact one of our Directors for an informal chat.