Fundraising options
There are many ways to fund a co-operative, depending on how it is governed and the organisation's needs, particularly the capital required for start-up.
Equal Care has successfully used several methods to raise funding both before and after trading revenue began which are detailed on the following pages; however, it's useful to list the range of options available, as they each have their use in beginning and maintaining a co-operative.
Funding types
Key Considerations in Fundraising
Clear Mission and Vision: Clearly articulate the co-operative’s mission and how the funds will be used to achieve its goals.
Member Engagement: Involve members in fundraising efforts, ensuring they are informed and supportive of the methods used.
Legal and Regulatory Compliance: Ensure all fundraising activities comply with relevant laws and regulations, including those specific to co-operatives. See FCA.
Professional Advice: Consult financial advisors or co-operative development bodies to explore the best options and strategies.
Be conscious that funders' goals may not always align with those of the organisation. Winning these bids may bring in money, but they may also take the co-operative in directions it does not wish to travel. Try to select funders who are the best fit and who provide material help beyond just money.
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