Do you have a project that needs funding but don’t know where to begin? Hopefully you will have read our first article ‘Are you funding ready?’ which provides a step-by-step guide to help you get organised and prepared to identify and apply for grants.
In this next article, GRANTfinder will take you through the steps to take to ensure your project idea is an attractive proposition for funders, giving it the best opportunity to be successful.
Are you ready make your project idea a reality?
The first stage in establishing a project idea is to be clear on why you’re applying for funding. Having a transparent and strategic plan for funding will help to get buy-in from internal stakeholders, potential funders and beneficiaries.
Reasons might include:
The idea should be easily explained in an ‘elevator’ pitch - a one-liner which describes your project succinctly to interested parties and can be used as a ‘hook’ in funding applications.
Put together a preliminary one-pager on the project to provide a sound overview of the project which you can then use as a foundation for developing the rest of it (also to streamline the project, which will make you focus).
Interrogate your own idea. In the one-pager, ask yourself all the questions a funder might want to know about your project and be honest with your answers.
Does your project meet the wider policy aims of the funder? Projects that match the strategic aims of the funder are most likely to be successful.
The most effective projects are made up of:
Would you like more support with the next step in the funding process? Read our next article 'Identifying funding' and learn the steps to simplify the process of identifying funding for your project.
Alternatively, GRANTfinder has created a Funding Toolkit which provides guidance on the 7 key steps to funding success in one document. This includes information on identifying funding, working with partners, and tips on how to write a successful application.
Download this guide by filling in your details below. We'll also send you our regular expert series emails for the next six months with our most recent whitepapers, studies and other informational content.
Or, if your project has a research focus download the Toolkit here.