Following a strategic review process conducted in 2003, Trustees have adopted the following approach to revenue funding for those projects/organisations they believe require extended investment in order to become established. Appeals for capital or bursary funding are considered separately.
Year: <0
Focus: Research
Objective: Define area of need and then seek organisations to address it.
Year: 1-3
Focus: Core Funding
Objective: Provide running costs (some or all) and actively support with staff time to ensure the project's early success.
Year: 4-6
Focus: Project Funding
Objective: Foster a more strategic approach to funding & target project development.
Year: 7-8
Focus: Scale Down Funding
Objective: Withdraw funding over an agreed time period and attract other funders (especially statutory).
Year: 8+
Focus: Cease Funding
Objective: Remain a background advocate for the project, but move on.*
* the only caveat to this cessation of funding is that a new or satellite project, initiated by the original beneficiary, can be considered as a Phase 2 project.