Identifying funding sources:

1. Local Council Funding Forums: Research local councils to identify funding forums and grants available for community interest companies (CICs). Many local councils have community foundations that offer grants to support local initiatives. Check your local council’s website for information on available funding opportunities and application processes.
2. Fishing Organisations: Look at other fishing organisations to see who funds their work. Many organizations supporting sustainable fishing and community-led initiatives receive funding from various sources. Contact these organizations through their websites to inquire about potential funding opportunities and partnerships.
3. Private Funding: Use web search engines to search for private funding opportunities. Many private foundations and companies offer grants to support community interest companies. Examples include the National Lottery Community Fund, Arts Council England, and the Greggs Foundation. These organizations provide grants for various projects, including those focused on community development and sustainability.
4. Government and International Grants: Explore government and international grants aimed at promoting sustainable fisheries and community development. Organizations such as the Food and Agriculture Organization (FAO) and the World Bank frequently offer funding for projects that align with their goals of promoting sustainable development.
5. Innovative Financing Mechanisms: Consider innovative financing mechanisms such as social impact bonds or crowdfunding platforms. These alternatives can provide access to capital while engaging a broader audience in the mission of sustainable fishing and community development.

Applying for grants and financial support

Prepare a Compelling Grant Proposal:

• Clear Objectives: Clearly define the goals and objectives of your organization. Emphasize the importance of providing a voice for the inshore fleet and safeguarding coastal communities.
• Demonstrate Impact: Highlight how your organization will positively impact the community and the fishing industry. Provide evidence of the need for your initiative and the benefits it will bring.

Gather Necessary Documentation:

• Articles of Incorporation: Ensure your Articles of Incorporation include the fact that your organization is a not-for-profit entity. Any amendments will require approval from 75% of the voting membership and the board’s sign-off..
• CIC36 Form: Keep the definitions and details in the CIC36 Form to a minimum, as you will need to demonstrate and file an annual CIC report.

Follow Application Guidelines:

• Read Instructions Carefully: Carefully read the application guidelines for each grant. Ensure you meet all eligibility criteria and provide all required information.
• Tailor Applications: Tailor each application to the specific requirements of the funding source. Highlight aspects of your organization that align with the funder’s priorities.

Build Strong Networks:

• Partnerships: Establish partnerships with other organizations and stakeholders. Collaborating with established entities can enhance your credibility and open up additional funding opportunities.
• Community Engagement: Engage with the local community to build support for your initiative. Demonstrating strong community backing can strengthen your grant applications.

Be Persistent and Patient:

• Follow Up: After submitting your applications, follow up with the funders to check the status of your application and address any questions they may have.
• Stay Organized: Keep track of application deadlines, required documentation, and follow-up actions. Staying organized will help ensure you don’t miss any opportunities.