A guide to third sector trading - WCVA

It’s an idea, but is it business? A guide to third sector trading
1: Getting
started
2: First steps 3: Business
planning
4: Legal and
governance
5: Funding
and
resourcing
6: Financial
controls
7: Managing
growth
8: Management
and
governance
9: Social
enterprise
10: Sources
of support
Sustainability objectives for existing charities
and community groups
Develop sharper fundraising strategies and management
to make grants go more further
Funding and resource implications
• include management fees in bids
• fill spare space with rent-paying projects
• explore options for involving volunteers more productively
• share equipment more effectively
• introduce ‘cost centres’ to improve financial monitoring
Sustain services such as village post offices and shops which
have become non viable for commercial operators
Undertake local regeneration by acquiring and developing
building assets
• raise grants and/or loans to purchase/lease premises
• raise grant and/or loans for start up working capital
• identify income-generating uses for premises
• secure mortgages for building purchases
• raise grants and loans for upgrading and redevelopment
• raise grants to staff the development process
Find new markets to generate jobs, environmental benefits,
and local wealth etc by developing more substantial ventures
• raise grants for feasibility studies and business plans
• secure commercial loans for equipment and business start up
• raise grants where available
109