Le Ricette di Casa Russo


 

Managing Your EU Funding Expectations After BREXIT

Managing Your EU Funding Expectations After BREXIT

Right after the vote in June, quite a few charities have actually been looking for our counsel concerning the effect of the decision to leave the EU. In addition, some enterprises have found their projects placed in very uncertain scenarios, with application submissions to funds such as the ERDF (European Regional Development Fund) pending and no solid or reliable support 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 effect will be, we would certainly suggest that non profit organizations faced with the challenge of an unknown result from European funding comply with these key steps:

1. Don't Panic!

In the years following 2008, charities and not-for-profits throughout the UK made it through one of the most awful periods of economic crisis the nation has ever seen. If you made it through the difficult times of the last eight years, you're most likely to make it through BREXIT also.

2. Talk with current funders

If you are mid-way through fundraising consultants [visit this link] for a big project, speak with your current funders now. If they have actually committed already it is simply because they believe in your project and will be understanding of your situation - some may even raise their grant offer to cover a potential shortfall.

3. Mitigate

Dealing with the issue directly and giving a brief review of how you intend to mitigate against a possible funding deficit - looking for other funders, scaling or phasing an undertaking and so on - will be viewed positively by both current and potential benefactors alike, creating confidence in your organisation.


If you require guidance regarding your growth strategies or fundraising difficulties, do not hesitate to get in touch with one of our Directors for a casual conversation.

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