Strategic Funding Advice
Before you start...Think SMART
What is a funding strategy?
A funding strategy is a written and agreed plan that determines the financial requirements of an organisation or group over a length of time. Generally, a funding strategy covers a three to five year timescale and details the plans for the end of that period.
Why have a funding strategy?
• It enables an organisation to ensure that there is a clear plan for delivering the service in the future and a shared understanding of how this will be achieved.
• It will demonstrate to potential funders that an organisation has carefully thought through the process of securing ongoing funding for the work it hopes to deliver in the long term.
• It helps to prioritise fundraising work and avoid wasting time and resources.