Once you have developed your bid, you need to identify potential sources of funding.
Funding Toolkit
To secure funding for a project, bidders need to be clear about:
- How the project fits to existing needs and government priorities (or to other funders – should the opportunity lie elsewhere)
- What issue(s) the bid is addressing
- What opportunities it will generate
- What is the added-value of having a trade union or the TUC carry out this project, rather than another organisation
- How the work will create growth and jobs
The toolkit has been designed to explore some of the many sources of funding for skills and other initiatives.
The purpose of this toolkit is to help the TUC and its partners to achieve these outcomes.
Getting Started
There are a number of steps any organisation needs to complete when developing a project plan before you seek funding. This section gives advice and guidance on these sections.
The first step is determining the need – what 'problem' or 'issue' are you seeking to tackle?
Step two is outline your project – decide what you want to do to address the 'problem' or 'issue' and align them with your organisation's values, priorities and skills
Step three, finding partners – discuss your proposal with partner organisations to understand how it fits with their work and how they can contribute.
Step four, developing the bid – build an evidence-based case for your intervention
We have also included some examples of good and bad practice and an outline of Social Return on Investment (SROI).
With your potential funders chosen, you need to write a convincing bid for funding that explains your project.
Final review
Before you send it in – a final checklist. Have you done everything you can to make your bid a success?
More links and suggestions of useful resources that should help you prepare your bid for funding.
We'd really appreciate you telling us whether this toolkit is useful and if there's anything you think we should add.
Content provided by the Marchmont Observatory, University of Exeter
