Sources of finance for your new charity or non-profit
Developing new trading activities is all about focus: spotting opportunities, deciding which ideas are worth investigating, and assessing the viability of the best ideas.
Charities are allowed to trade under certain circumstances, but if you have decided to develop a trading activity which is not allowed, you will need to establish a trading subsidiary. This subsidiary will normally have an incorporated legal form, and will require start-up finance, working capital and resources.
A Southend voluntary service on its experience of refurbishing part of its building to set up shop.
In light of various funding challenges many charities are considering different ways of generating extra income to support their valuable services. For many this could be looking at some form of commercial trading; from charity shops to signposting to manufacturing. This how to guide takes you through some key steps to explore this further.
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