What is sustainable funding?

Sustainable funding is not a source of funding or income, nor is it concerned with being able to fundraise better or more effectively.

Sustainable funding is a process or approach to increasing an organisation’s financial sustainability that will help to ensure its long-term future.

In order to become sustainable and safeguard their long-term future, organisations need to be able to move away from grant dependency, replace these grants with more stable, and secure income sources.

Sustainable funding is concerned with an organisation exploring opportunities to diversify its income - examining the viability of varying or adopting new sources or types of funding to develop a diverse funding mix.

The key to ensuring financial sustainability is the diversification of income streams underpinned by effective management and planning.