Competition for funding has always been fierce and CICs can sometimes face the toughest battles.
Ideally a CICs source of financing would be its trading income rather than being reliant on funding. But we understand that some CICs will need funding to get off the ground, for some specific projects or to help with expansion.
Many of our CICs are very successful in their applications for funding but we also hear the opposite, that funding is difficult to access and, in some cases, is drying up altogether! So we have pulled together some tips that we have gleaned from funding bodies over the years that we hope will improve your chances of success.
Basically, successful funding applications are less to do with the CIC model and more to do with the funding application itself.
We hope that by following these basic steps and tips that you will find it easier to access funding and that your CIC will go from strength to strength. Good Luck!
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