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Handling Your EU Funding Expectations After BREXIT
Right after the referendum in June, a number of charities have actually been looking for our guidance concerning the effect of the decision to leave the EU. Furthermore, some organisations have found their initiatives placed in extremely unpredictable scenarios, with application submissions to monetary funds like the ERDF (European Regional Development Fund) pending and no strong or dependable guidance from the Government or regional LEPs regarding whether or not the financing streams will still come to fruition.

Whilst at this stage nobody knows with confidence what the impact will be, we 'd suggest that non profit organizations confronted with the difficulty of an unknown result from European funding follow these crucial steps:

1. Don't 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. In case you made it through the challenging times of the previous 8 years, you are very likely to make it through BREXIT too.

2. Talk with existing funders

If you're mid-way through fundraising counsel - simply click the up coming web site, for a big project, speak with your present funders now. If they have actually committed already it's simply because they have confidence in your project and will be understanding of your position - some might even raise their grant offer to cover a potential deficiency.

3. Mitigate

Dealing with the issue directly and providing a brief evaluation of how you plan to mitigate against a potential financing deficit - seeking other funders, scaling or phasing a project etc. - will certainly be perceived favorably by both existing and potential contributors alike, creating confidence in your organisation.

In case you require guidance about your development plans or fundraising difficulties, feel free to speak to one of our Directors for an informal conversation.