Bidding / grants
Most charitable groups are able to access additional funding from grant making trusts. This is a good way get funding for specific projects or equipment. There are a however advantages and disadvantages to this
Pro’s
- Money Free money, it may be the only way to get the funding for the project you want to undertake.
- Recognition This may help you to raise your profile locally by getting coverage about your funded project.
- Organisational Development The opportunity to develop the skills of the business and those working within it.
Cons
- Risk There is no guarantee you will get the money
- Time Form filling can be very time-consuming, and some schemes may require interviews or other procedures to be followed. Once funding has been provided you may have to allow time for monitoring of the spend.
- Strings There will always be conditions to using the funding. It is important to understand that you may be asked to repay funding if you do not fulfil the agreements.
Tips on making a successful funding submission »
Dorset Sure Start can offer advice on fundraising and suggest suitable grant making trusts to apply to. Please contact the business support team on 01929 427963