Income Diversification - Online course

Duration: Half day course with breaks

This course is part of the Building a Successful Organisation series of courses – find out more about booking all 6 dates here.

About

Access to traditional sources of income for charities is getting scarcer and more competitive. Every charity should be considering alternative sources of funding both to improve sustainability, increase programme delivery and to reduce grant dependency where possible. What are the alternative sources of funding, are they safe and what are the practical considerations of doing pursuing one or more of these?

Who should attend?

Anyone involved with management, governance, fundraising and strategy development within a charity

Outcomes

By the end of the course, participants will be able to:

• Understand the alternative sources of income diversification, whether it is diversifying from restricted grants, sourcing resources and support or embarking on an income generation/ trading strategy
• Understand the pros and cons of each potential approach and the practical considerations and risk impact associated with them
• Scope how to prioritise each of the different strategies given the timeline for considering, launching and implementing them

What will it cover?

• Understanding the risks associated with grant dependency
• Why and how to diversify grant funding
• Examining the alternative sources of income or resources and the associated pros and cons, risks and timeline
• Understanding trading and how to decide whether it is appropriate for your charity
• Reviewing social finance, loans and investment for charities

Trainer: Robert Foster, DSC Associate

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