Community/voluntary groups have access to four main sources of income including the gift economy such as donations, grant funding provided by public sector organisations, Trusts, Big Lottery etc... the structured market such as public service contracts and service level agreements and the open market through trading activity. For further detail on the advantages and disadvantages of the four type of income sources see Sources_of_Finance_Advantages__Disadvantages.pdf

Debt finance and equity finance and are also important to consider when assessing the financial viability and sustainability of a third sector organisation. Debt financing means borrowing money that is to be repaid over a period of time, usually with interest whilst Equity financing is when finance is provided in return for an equity stake in a business or organisation. For further detail on the different types of debt finance and equity finance and the advantages and disadvantage of both see Sources_of_debt_and_equity_finance.pdf

It is important that groups continuously explores all income options, continue to diversify within and between income options, manage costs and make the most of your assets.

Here at GSAP we can support your organisation in exploring the best fundraising options for your group and provide assistance when required to complete funding applications/bids etc 

For further information contact Mary or Lorraine at GSAP on 02871358787

Useful Articles

Advice on making and submitting tenders can be view here...Sourcing_Tender_opportunities.pdf

Useful Links

Big Lottery   https://www.biglotteryfund.org.uk/northernireland/funding
BBC Children in Need http://www.bbc.co.uk/programmes/articles/5ysD3mLQYYRPRLNZ032LjM7/grants
Comic Relief http://www.comicrelief.com/
Derry City & Strabane District Council https://www.dcsdgrantaid.com/
The Ireland Funds https://irelandfunds.org/grants/
John Moore Foundation http://www.jmf.org.uk/index.php/how-to-apply