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Sustainable ICT Services for the VS |
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Page 3 of 6
Funding Models
Sustainability is all about keeping an organisation going, allowing you to plan ahead and avoid lurching from one funding crisis to the next. A social enterprise operates by selling products and services, which aims to provide a regular income, the profits of which can be used to fund the social and charitable aims and objectives of the group. The social enterprise model does not preclude the grant funding that many voluntary organisations have traditionally relied on. As a social enterprise, a group can still apply for certain types of funding for particular projects or for core activities, but the income received from trading provides another source of funding.
Across the Income Spectrum
Income options available to voluntary and community organisations
Different income types are accessed and managed in different ways and involve different relationships with the individual or organization supplying the funds. As you move across the spectrum from left to right – from asking to earning – the level of expectation regarding what is received in return for the income increases. Within the range of options there is enormous variety and possibility. Sustainable funding can involve all these income streams, or a more limited range – diversification across the spectrum, or if that is not possible or appropriate, within a particular stream.The key to sustainability is knowing which streams are the right ones for your organisation to explore and how you can develop the capacity to be able to secure and manage them. (Source: NCVO - )
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Written by Matthew Armitage
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