Whatever the size or nature of your community group, one of your main priorities will be identifying suitable sources of income. Being able to finance your services, activities and projects is crucial to your success as a community group.
Funding for community groups can come from a range of sources, including (but not restricted to):-
- Income from trading
This simple step guide considers the process of fundraising for a community group.
Are you ready for funding?
When applying for funding you will need to ensure your group or charity satisfies the basic organisational requirements funders will be looking for:
- Governance - does your group have an established organisation structure and committee?
- Managing the organisation – does your group have a solid approach to management including planning and development, financial management and monitoring and evaluation?
- Staff and volunteers - how does the group encourage and support people, and does it meets its legal duties?
Applications will fail if your community group cannot demonstrate best practice and conform to legal requirements.
Sources of grant income
Grant income for community groups can potentially come from a wide range of sources, including:-
- Grant-making charitable trusts
- Government/Local Authority
- European grant programmes
- National Lottery funding
Before your community group makes any grant application, you will need to have researched potential funders for your planned project and drawn up a list of the most suitable grant sources.
Making your application stand out and be successful is a big challenge. Most funders receive far more applications than they can ever fund, and the success of your application will be based on a wide range of criteria. To help make any grant application successful it is a good idea to step back and think about what a funder will be looking for.
Evidence to support your application
Evidence plays an important part of your funding application and you must be able to demonstrate why you require the funding. Evidence could include:
- Project plans
- Community consultations
- Statistics gathered from your own surveys and third party reports
- Feasibility studies
The evidence should be presented in a clear and concise way that shows user involvement at each stage.
If you are seeking funding to help continue or develop an existing service or project, your evidence should include user feedback. Including press cuttings, your annual report or even video clips of people talking about how they have benefited from your services, will all strengthen a funding application.Plan your marketing and promotion and use every opportunity to get media coverage for your project or service. Once successful, a funder will require you to acknowledge their assistance so keeping evidence such as press cuttings can help with this as well.
Other ways to generate income
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Last Updated 23/11/2015 09:59