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Managing Your EU Financing Expectations After BREXIT
Right after the vote in June, a number of charities have been looking for our advice regarding the effect of not-for-profit advisers ( the decision to leave the EU. Additionally, some organisations have found their initiatives placed in very uncertain scenarios, with application submissions to monetary funds such as the ERDF (European Regional Development Fund) pending and no firm or consistent support from the Government or regional LEPs regarding whether the financing streams will still come to fruition.

Whilst at this stage no one knows with confidence what the effect will be, we 'd suggest that non profit organizations faced with the difficulty of an unknown result from European funding follow these crucial steps:

1. Don't Panic!

In the years after 2008, charities as well as not-for-profits across the UK made it through one of the most awful times of economic crisis the nation has ever seen. In case you managed to get through the challenging times of the last eight years, you're highly likely to make it through BREXIT too.

2. Talk with existing funders

If you're mid-way through fundraising for a big project, communicate with your present funders now. In case they have committed already it is because they believe in your undertaking and will certainly be understanding of your situation - some might even increase their funding offer to cover a potential shortfall.

3. Mitigate

Facing the issue head on and giving a short evaluation of how you plan to mitigate against a possible funding shortage - seeking other funders, scaling or phasing a project etc. - will certainly be perceived favorably by both present and potential contributors alike, creating confidence in your organisation.

In case you need guidance regarding your development plans or fundraising difficulties, feel free to get in touch with one of our Directors for an informal chat.