There is over £500 billion worth of funding that goes into voluntary and community organisations, regeneration and community development in Europe and trillions internationally. However, did you know that a large chunk of this actually goes unclaimed and has to be sent back to the funder? This funding could have been used to improve the environment, create more play spaces, develop a women’s empowerment scheme, or reduce drug misuse in a deprived area. However, it goes back to the funder because many organisations do not have the skills, resources, capacity or time to write complex funding bids.
International Funding: IMF, World Bank, UN, International Donors and Business donations: $Trillions allocated collectively across the globe;
European Funding: £300 billion allocated every cycle;
UK Government: £6 billion each year
Trusts and Foundations: Over £5 billion each year from over 3000 trusts and foundations
Individual rich entrepreneurs: Over £6 billion each year collectively
Businesses: Give over £7 billion each year to charity
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