In the Funding and Budgeting module, we’ll delve into the ways you can fund the capital costs tied to construction, but also operational and core costs to support your organisation to deliver the project.
To leverage support from corporate, philanthropic or institutional donors, it’s essential to bring them along the journey with you to help them understand why your project matters, the impact it will have and how their contribution can support the project to flourish.
Empty Spaces to Homes projects are commonly characterised as “capital projects” – meaning they build, maintain or improve an organisation’s or community group’s building asset, or infrastructure. Capital projects are more vulnerable than others to market forces including inflation, rising costs of construction materials and labour. They are also less predictable as unexpected issues can delay work and/or increase costs, making financing of Empty Spaces to Homes projects can be a barrier for many organisations.
This section of the toolkit presents an overview of key financial considerations, potential sources of income and guidance on optimising fundraising opportunities to support organisations to plan and deliver an Empty Spaces to Homes project in a challenging fundraising environment, and gain interest of donors.
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