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
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Stable – a diverse mix of funding sources
Suitable – appropriate for the organisation Sufficient – costs are understood and covered
The ‘three Ss’ of sustainable funding
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Gift Economy Grant Funding Structured Market
Open Market
Donor Funder Purchaser Consumer
ASKING EARNING
The income spectrum
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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.
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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
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Where can you find more information
Funding Central Website
NCVO Publications
Focus on Funding website
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Funding Central http://www.fundingcentral.org.uk
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NCVO Publications http://www.ncvo-vol.org.uk/
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Focus on Funding website
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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