Handling Your EU Funding Expectations Post BREXIT

Handling Your EU Funding Expectations Post BREXIT

Following the referendum in June, quite a few charities have been seeking our counsel regarding the effect of the decision to leave the EU. Furthermore, some organisations have found their projects positioned in extremely uncertain situations, with application submissions to funds including the ERDF (European Regional Development Fund) pending and no strong or dependable support from the Government or regional LEPs as to whether or not the financing streams will still come to fruition.

Whilst at this phase not one person knows with certainty what the impact will be, we 'd recommend that charities confronted with the challenge of an unknown result from European funding adhere to these vital steps:

1. Do not Panic!

In the years after 2008, charities and not-for-profits throughout the UK endured one of the most awful times of economic downturn the country has ever seen. If you managed to get through the challenging times of the previous 8 years, you are very likely to make it through BREXIT too.

2. Communicate with current funders

If you are mid-way through fundraising for a big undertaking, talk with your current funders now. In case they have actually committed already it is simply because they have confidence in your undertaking and will be understanding of your position - some may even increase their grant offer to cover a potential deficiency.

3. Mitigate

Facing the issue directly and giving a short review of precisely how you intend to mitigate against a possible funding deficit - seeking additional funders, scaling or phasing an undertaking and so on - will be perceived favorably by both existing and potential donors alike, generating confidence in your organisation.

In case you require guidance about your development plans or fundraising feasibility study challenges, feel free to speak to one of our Directors for a casual conversation.
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