# More support to investigate trading as an income source

- Link: https://fundraising.co.uk/2005/10/19/more-support-investigate-trading-income-source/
- Published: 2005-10-19T23:00:00+01:00
- Author: Howard Lake

The National Council for Voluntary Organisations’ (NCVO) Sustainable Funding Project(
SFP) is encouraging more voluntary and community organisations to investigate the
possibilities of generating new, sustainable income from trading by offering more
bursaries.
The SFP is offering more small bursaries through its Only Connect programme,
sponsored by Charity banking specialists Triodos Bank. This enables voluntary and
community organisations to visit another organisation with a proven track record
in making money from trading.

NCVO is now encouraging more charities and voluntary organisations to join the scheme,
and aims to award ten bursaries every three months, in three-month periods until
November 2006. The current period for applications closes on 11 November 2005.

Voluntary groups must first select an organisation they would like to visit, and
successful applicants will then be given up to £100 for travel expenses. Organisations
that agree to host the visits receive a consultation fee of £150 for their advice
and time.

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“Many charities face apparently daunting financial challenges”, said Triodos Bank
Head of Charity Banking, Sue Cooper. “But there’s a lot of financial expertise within
the sector, and initiatives like Only Connect offer a practical, direct way to access
it.”

According to NCVO’s UK Voluntary Sector Almanac 2004, in 2001-02 the sector earned
£8.9 billion of its total income of £20.8 billion from fees for goods and services.

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