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After the vote in June, quite a few charities have actually been looking for our advice regarding the effect of the decision to leave the EU. Furthermore, some organisations have found their initiatives positioned in very uncertain situations, with applications to funds like the ERDF (European Regional Development Fund) pending and no firm or dependable guidance from the Government or regional LEPs as to whether or not the financing streams will still come to fruition.

Whilst at this phase no one knows with assurance what the effect will be, we 'd suggest that charities confronted with the difficulty of an unknown outcome from European funding follow these key steps:

1. Don't Panic!

In the years following 2008, charities and not-for-profits across the UK survived one of the worst periods of recession the nation has ever seen. If you made it through the tough times of the previous 8 years, you are highly likely to make it through BREXIT too.

2. Speak with current funders

If you are mid-way through fundraising for a capital project, talk with your present funders now. If they have committed already it is because they believe in your project and will certainly be understanding of your position - some may even raise their funding offer to cover a possible deficiency.

3. Mitigate

Facing the problem directly and giving a short evaluation of how you intend to mitigate against a possible financing deficiency - seeking additional funders, scaling or phasing an undertaking etc. - will certainly be viewed positively by both current and potential benefactors alike, creating confidence in your organisation.

If you need advice concerning your growth strategies or fundraising consultant difficulties, do not hesitate to call one of our Directors for a casual chat.