Funding Information
This section has information and tips about different types of funding, help with meanings of words funders use, and how to make better funding applications.
Understanding Different Types of Income
Bringing money into your enterprise can be a mix, or spectrum, of different types of income.
Gifts
Donations, fundraising events, crowdfunding and sponsorship.
Mostly unrestricted money
Spend as you want to meet your social aims.
Grants
Charitable trusts and foundations, National Lottery Community Fund, and government funding, such as Welsh Government.
Mostly restricted money
Money for a specific project or activity.
Contracts
Selling goods and services to local authorities, government agencies and other businesses.
Restricted income
You must achieve the results or changes agreed.
Open Market
Selling to the wider public, such as membership, goods, services and sponsorship.
Unrestricted income
You decide how to reinvest back into the business or community.