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Financial Governance and the Social Enterprise

by Colin McNally in Articles

Never take your eye off the ball.... 

 

Emotion runs strong in communities especially when small groups want to take over a building. However you do need someone with a very good business head on them to look at the project and see if it will be financially sustainable.

Having a Big Lottery fund for three years is not a sustainable plan. Once the three years is up, here is the relaity very few funders will give you more core funding... therefore think ahead and be realistic.

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