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Case Study

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  • 1. Wales Voluntary Sector Funding Conference 2007 Sustainable Funding – finding the right mix Sara Carroll & Nicola Llewelyn WCVA – Sustainable Funding Cymru Lorna Unwin Pembrokeshire Association Voluntary Services © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 2. Why am I here? • Sustainability – why now? • What is sustainable funding? • What is the income spectrum • Steps to sustainability and….to get you thinking! © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 3. Sustainability – Why now? ‘We don’t need to worry about our future, we’ve always been able to attract grant funding and are confident that we always will’. © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 4. What is sustainable funding? • An approach to fundraising • Process of achieving increased financial sustainability • Moving away from grant dependency • Income diversification • Securing more stable and secure income streams • Long-term planning for sustainability © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 5. Income spectrum Donor Funder Purchaser Consumer Gift Grant Structured Open Market Economy Funding Market ASKING EARNING Source: NCVO © © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 6. Steps to sustainability • Income diversification – exploring and adopting a sustainable and diverse mix of income sources. • Organisational skills – ensuring an organisation is fit for purpose. • Effective planning – focusing attention on where you want to be and how you will get there. © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 7. Top tips for sustainability • Diversify income – avoid relying on any single funding source to ensure work continues if and when one income stream dries up. • Develop organisational skills – this will help you to access and manage new income sources and build capacity more widely • Plan effectively – knowing where you want to be in three, five or ten years time will help you understand the type and amount of funding needed. © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 8. Top tips for sustainability Fund appropriately • The kind of funding or finance your organisation needs depends on: – what it does – who it does it for – how it plans to develop in the future • Use the right income source(s) to drive development at the right time. © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales
  • 9. Further help and support • Sustainable Funding Cymru • www.sustainablefundingcymru.org.uk • County voluntary councils • WCVA Helpdesk: – 0800 2888 329 or help@wcva.org.uk • Further training sessions: – Introduction to sustainable funding, Business & Strategic Planning, Grants – fit for funding, Preparing a sustainable fundraising strategy, Earning, Loan finance and asset based development, Giving and Public Fundraising © 2007/2008 WCVA, County Voluntary Councils and Volunteer Centres in Wales