The funding 1. Where does the money come from? We will need to work with you to establish how much finance is already available, so that any “gap” in funding can be clearly seen. The gap may be bridged by grants (from outside funders) and a decision may be needed to decide who will apply for these.
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2. Smaller projects Funding for a small project may be readily to hand or can be underwritten by gifts that are promised (i.e. pledges) from your church members. This would apply to projects up to £50,000, but would be dependent on the size of the fellowship. Sources of funding can include: a)
The fellowship itself through: i. A building fund established over a few years; ii. Additional funds the church may have (e.g. from legacies or in general funds) and iii. One or more gift days for sacrificial giving.
These means of raising funds are suitable for gift aiding.
b)
Loan from us. With funding up to £50,000 we are able to secure money through a loan arrangement with have in place, but this has to be repaid over five years. Even though this is at a low interest rate, it may be too much for you to repay (usually through an increased rent) in such a short period.
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