EU Financing Worries After The Withdrawal

After the vote in June, a number of charities have been looking for our guidance regarding the impact of the decision to leave the EU. Additionally, some organisations have found their projects positioned in very uncertain situations, with applications to funds such as the ERDF (European Regional Development Fund) pending and no solid or reliable guidance from the Government or regional LEPs as to whether the funding streams will still come to fruition. For anyone interested in more tips pertaining to fundraising companies UK this specific internet page www.giftedphilanthropy.com features a whole lot more articles and reviews with regards to charity consultancy.

Whilst at this phase no one knows with confidence what the impact will be, we would certainly recommend that charities confronted with the difficulty of an unknown result from European funding follow these vital 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 periods of recession the nation has ever seen. In case you managed to get through the difficult times of the last eight years, you are most likely to make it through BREXIT too.

2. Speak With Current Funders

If you’re mid-way through fundraising for a big project, speak with your present funders now. If they have actually committed already it is since they have confidence in your project and will be understanding of your predicament – some could even increase their funding offer to cover a potential shortfall.

3. Mitigate

Dealing with the issue directly and providing a brief review of how you plan to mitigate against a possible financing shortage – seeking additional funders, scaling or phasing a project etc. – will certainly be perceived positively by both present and potential donors alike, generating confidence in your organisation.

If you need guidance about your development strategies or fundraising challenges, feel free to call one of our Directors for an informal chat.