Lesson 1: Search for Funding
Introduction
Welcome to Course 002
In Course 001, you learnt how to create a project – from defining your idea, to finding partners, and creating a timeline and a budget. In Course 002, we will build on your learnings from Course 001 and help prepare you to complete your grant applications so that you have the best chances for a successful submission.
Before you begin, download your Working Document
Lesson 1: Search for Funding
Finding a suitable grant for your project can be a real challenge. It requires dedicated time to research funding bodies and then additional effort to make sure it fits. Throughout the process, it is essential that you make sure the funding opportunity is appropriate for your project / work / organisation.
To get started, read Artquest’s When to apply for Grants
Then, watch Fundraising: Applying For Grants by Rachel Dobbs below.
Module 1: Search for Grants
Before you begin searching for a grant, it’s important to answer a few questions to properly categorise your work. This considers your legal status, project size, project duration, and project budget to help you begin your search (and narrow it as well).
Example
Let’s say you are a registered small arts charity that runs art workshops for children in London. You have planned a month-long workshop for kids starting in 3 months. You are searching for a small grant of £500 to cover the cost of the workshops.
Before searching for funding, you need to outline the main points to search for.
These include:
• Who can apply? An individual? An organisation? Both? Many public or private funding institutions will specify who is eligible to apply and it’s essential you check before starting an application.
In this example, you are a registered charity and therefore need funding for an organisation.
• What is the funding for? Another important point to consider is what the funding is for. Is it for a project specifically? Or to develop a practice? Is it core costs for an organisation? Or seed money to get your social enterprise on its feet?
In this example, we are looking for a project grant to cover the costs of a workshop.
Lingo
Core Costs: Core costs are the day-to-day running costs of an organisation including salaries, overheads, office rent, equipment, software, travel etc.
Seed Money: Seed money or seed capital is money granted to an organisation / start up to initiate a new business, idea, or product.
• How much are you applying for? Different funding opportunities offers different amounts of support. For example, micro-grants offering a small amount of funding whereas other opportunities offer more sizeable support. Before you start your search, make sure you know how much you need.
In this example, you are searching for a grant of up to £500.
• Can you secure the funding on time? When is your project starting and how long does it last? Many funding bodies take a few months to make a decision to accept or decline your application. For example, National Lottery Project Grants in the UK currently take 8 weeks to get back to you for applications under £30K and 12 weeks for £30K+.
In this example, the project begins in 3 months so you must make sure the funding body will give you a reply before the project start date.
• Who is allowed to benefit from the funding? Many funding opportunities focus on supporting specific communities or professional disciplines. Is the funding for you? Or is it support a particular group of people?
In this example, the project is focused on working with children.
Tip: Before you start a funding application, make sure you check the application due date. You want to give yourself as much time as possible to complete and review your application before submitting it.
Your Turn
Q1. Who is the grant for? Individual, organisation, or both?
Q2. What is the grant for?
Options included in Working Document
Q3. How much are you applying for?
Q4. Project start date:
Q5. Project end date:
Q6. Are you / your work part of any particular communities?
(answer on your downloaded Working Document)
Once you are done, start searching for funding opportunities.
Here are 3 great ways to begin your search:
Search for Grants - great news! With your COMMUN subscription, you can search through hundreds of Arts & Community funding opportunities from across the UK on our website. Get started by going by clicking on the Search for Grants button in the Grants section of our website and then use search and filter functions to find a funding opportunity that fits your project.
Arts Admin Newsletter - Arts Admin sends a weekly newsletter full of opportunities for artists and those working in the creative sector. Subscribe to their newsletter to begin receiving opportunities.
Grantfinder - a funding database covering local, national, and international sources of funding.
Module 2: Understanding the Aims of a Funding Body
Another important part of finding suitable funding opportunities is to make sure your project aligns with the aims of the funding body you are considering to apply to. This does not mean that you have to necessarily change your idea to fit the opportunity, but you do need to make sure before starting a funding application that your aims align with those of the funding body.
Lingo
Funding Body: A funding body is an organisation that provides funding through grants or scholarships.
To get started, read Dash’s Top 10 Tips For Funding Applications (especially Tip 3!)
When you find a funding opportunity that you are interested in applying to, the most important thing to remember, as Dash outlines, is to read the brief! It sounds obvious but it’s easy to forget or overlook exactly what they are asking for. Preparing properly will save you time in the long run.
So before starting a funding application, always do the following:
Read the brief a few times over
Write down the aims of the funding opportunity
Keep coming back to those aims as you work through the application