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Funding: Sources
This factsheet is part of a series of three.
The other factsheets are Factsheet 6:
Funding Overview and Factsheet 8:
Making Applications
The aim
of this factsheet is to describe the types of funding available to voluntary and
community groups, and how to go about finding the right funders for you.
1:
Researching Funders
Firstly, think about going back to any past
or existing funders. Did you spend the grant properly? Was the money used well?
Did you get positive feedback from the funder about your achievements? If so, they
may be happy to fund you again.
Next, use
contacts. Ask management committee members, staff, volunteers or members if
they have had any contact with funders, or know of similar groups or projects
that have been funded.
2:
Targeting Funders
Your funding search will give you a list of
funders that might be suitable.
Carefully read all the information you have about each funder, to see that you
are eligible, and meet the funding criteria. Some funders will match your
organisation or project quite closely others won’t. Target those whose
criteria you most closely meet first. List potential funders in order of
priority. Think how much time and effort you can put into applications, and
limit your list to the number of funders you can deal with.
A golden
rule: Quality not Quantity. It is better to work hard on a small number of bids,
to find the right funders and to show each funder how well you meet their aims.
3:
Types of Funders
There are 5 different types of funding
available to voluntary organisations:
1: Charitable Trusts
2: The National Lottery
3: Company Giving
4: Statutory Grants
5: European Funding
Which of these sources you go for depends on your
organisation, and what you want the money for. The following descriptions
outline each type of funding, and will help you decide which kind is right for
you.
Charitable
Trusts
Trusts (sometimes called Foundations) are set up by
companies or individuals as a way of giving money to certain causes. Some target
very specific causes, others give more generally, to all kinds of groups that
deal with community or disadvantage. There are local trusts, preferring to give
in Greater Manchester or the North West. Many more are national, giving around
the country. Amounts can range from a couple of hundred pounds to tens of
thousands, or more if you match their aims closely and can show a big impact.
Applications to Trusts are often as simple as a 2 page letter or basic
application form. More details might be requested for larger requests.
The
National Lottery
The Lottery gives money to 5 good causes, each of
which has its own pot of money and application procedure. They are:
| Community Fund
01925 626 800 | |
| Arts Board
020 7333 0100 | |
| Heritage Board
020 7591 6000 | |
| Sport England
0845 7649 649 | |
| New Opportunities
Fund
(Education, Health, Environment) 0845 000 0120 |
There is also the Awards
for All board, which offers small grants (£500-£5000) to projects in one
or several of the above areas. Tel 0845 600 2040.
You
apply to the board that is most appropriate to your organisation or project. The
Community Fund is the most wide-ranging, aiming to support those at most
disadvantage in society, giving grants from £500-£400,000. You do not need to
be a registered charity to apply, as long as your group has charitable aims. To
find out more or for guidance and application forms, call the numbers above.
Company
Donations
An alternative to grants is approaching a local
company to ask for money or resources. The advantage of this approach is that
you may get a very quick answer, as there may be no official application
process. Additionally, you could develop a long-term relationship with the
company
Businesses may be willing to enter into a sponsorship
deal. This involves you offering a service, usually publicity for the company in
your publications or at events, in return for money. It is more of a business
deal than a donation, so you have to be able to deliver your side of the
bargain. To find out more: Contact companies directly and ask for the Community
Affairs or Marketing department, or a person who can deal with donations.
Statutory
Grants
Statutory means that the grant comes from the
Government or a local body such as the Council, Health Authority or Education
Authority.
Money is
given to voluntary groups for work that the Government or local agencies have
identified as necessary. For example, Manchester City Council give Revenue
Grants, to cover groups running costs for a year or more. They sometimes offer
Small Grants, this can vary according to funds available.
European
Funding
European funds are generally for projects involving
regeneration, training and employment. Groups usually access them through a
local office.
European
grants can be large, but require time and effort due to the large amount of
paperwork involved in applying for, monitoring and reporting on your project.
The money can take a long time to arrive, and you often need to find match
funding (grants will only cover part of your project costs, perhaps 45% and you
need to find funding to match that which you get from Europe). To find out more:
Phone North West Network on 0161 952
4268.
4:
Further Help
Carlisle
Council for Voluntary Service
Telephone
01228 512513