funding for social enterprise
DESCRIPTION
Slides from the session run by Leanne Taylor from Focus on Funding at First Tuesday, 6th December 2011, part of the Nottingham Social Enterprise Hub.TRANSCRIPT
Stable – a diverse mix of funding sources
Suitable – appropriate for the organisation Sufficient – costs are understood and covered
The ‘three Ss’ of sustainable funding
Gift Economy Grant Funding Structured Market
Open Market
Donor Funder Purchaser Consumer
ASKING EARNING
The income spectrum
Loans and other forms of finance
Debt Finance
Equity
•Loans / Overdrafts•Require the borrower to repay the amount borrowed + interest
•Usually shares issued to an investor in exchange for finance.
When a loan might be a good idea
•When you have a strong and robust business
plan
•Where you want to kick start a new venture
•For organisational growth and development
•Purchasing equipment
•Purchasing or renovating property
Loans can provide: • Unrestricted income • Quick turnaround
Where can you find more information
Funding Central Website
NCVO Publications
Focus on Funding website
Funding Central http://www.fundingcentral.org.uk
NCVO Publications http://www.ncvo-vol.org.uk/
Focus on Funding website
Make sure you’re ready for funding
As a social enterprise looking to access funding you should have all
the following in place:
•A clear and set structure
•A clearly defined mission
•Policies – such as safe-guarding, equal opportunities
•A business plan
•A financial plan
•A fundraising strategy
•A risk register