1 / 19

the sustainable funding project ‘funding in the round’ Welcome!

the sustainable funding project ‘funding in the round’ Welcome! Sustaining yourselves to sustain others!. An Introduction to Sustainable Funding The Sustainable Funding Project, NCVO. The ‘3 Ss’ of sustainable funding. Stable – a diverse mix of funding sources.

tauret
Download Presentation

the sustainable funding project ‘funding in the round’ Welcome!

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. the sustainable funding project ‘funding in the round’ Welcome! Sustaining yourselves to sustain others!

  2. An Introduction to Sustainable Funding The Sustainable Funding Project, NCVO

  3. The ‘3 Ss’ of sustainable funding • Stable– a diverse mix of funding sources • Suitable– appropriate for the organisation • Sufficient– costs are understood and covered • Planning underpins and strengthens an organisation’s sustainability

  4. Why sustainable funding? Context • Decreasing local authority funding: advocacy role = difficult to fund • Funds increasingly directed to frontline • One-to-one support expensive to deliver • Lack of clarity about who & when to support • The limitations of short-term project funding

  5. Why sustainable funding? Opportunity • Opportunity to develop user-focused services • Hunting for hidden assets • Increased contract delivery opportunities • Loans available for asset development

  6. Gift Economy Grant Funding Structured Market Open Market ASKING EARNING Funding streams and relationships Donor Funder Purchaser Consumer

  7. Money is just one piece of the puzzle…

  8. An Introduction to Trading The Sustainable Funding Project, NCVO

  9. Total income for 2004/05 was £27.7 billion* • Earned income (trading and contracting) was £13.3 billion • Increasing as a proportion: • 33% in 1994/95 • 42% in 2001/02 • 48% in 2004/05 The More than Profit Sector! * Source: UK Voluntary Sector Almanac 2007

  10. Why trade? • Traded income is unrestricted • Independence = self-esteem • Trading builds new skills • Charging promotes appreciation of quality • Trading can reconnect us with our users

  11. On mission Majority activity Prime target Makes money Requires subsidy Stay out!! Proceed with caution! Off mission Merging mission & money

  12. How? • Product - producing goods and services where they didn’t exist before (childcare, recycling); • Process - ways of working which prioritise a social element (worker co-operatives, social firms, fair trade) • Profit - trading in order to cross-subsidise social or environmental goods or services

  13. What? - product options existing market existing product new product new market

  14. How to sell - approaches to trading Four Ways to Earn – there’s more to trading than profit! • Mission Related Trading • Contracting • Social Firms • Unrelated Trading

  15. Products and Competencies* food consistency logistics parcels cosmetics hope * Source: Jerr Boschee

  16. Think about… • Product and Market • Mission and Money • Hunting for Hidden Assets • Why do we want to trade • What have we got • Who might buy it

  17. Needs analysis: Sustainable Sun Tool The Sustainable Funding Project, NCVO

  18. Where are you now?

  19. the sustainable funding project ‘funding in the round’ www.ncvo-vol.org.uk/sfp 020 7520 2519

More Related