After the vote in June 2016, charities have been looking for advice regarding the effect of the decision to leave the EU. Furthermore, some organisations have found their projects placed in extremely unpredictable situations, with applications to funds such as the ERDF (European Regional Development Fund) pending and no strong or consistent guidance from the Government or regional LEPs as to whether the financing streams will still come to fruition. You can find 1,000’s of internet sites with data concerning fundraising strategies post Brexit template, that is one site that you should take a look ats Gifted Philanthropy.
Whilst at this phase not one person knows with assurance exactly what the effect will be, it is recommend that non profit organisations confronted with the challenge of an unknown outcome from European funding adhere to these crucial steps:
1. Don’t Panic!
In the years following 2008, charities and not-for-profits across the UK made it through one of the worst periods of economic crisis the country has ever seen. If you made it through the tough times of the previous 8 years, you’re very likely to make it through BREXIT as well.
2. Communicate With Current Funders
If you’re mid-way through fundraising for a big project, talk with your present funders now. If they have committed already it’s since they have confidence in your undertaking and will be understanding of your predicament – some may even increase their funding offer to cover a possible shortfall.
Facing the problem head on and giving a short review of precisely how you intend to mitigate against a possible funding deficiency – seeking additional funders, scaling or phasing a project and so on – will certainly be perceived favourably by both present and potential benefactors alike, generating confidence in your organisation.