Scope had developed an innovative new finance model to cover the costs of new buildings, and commissioned NPC to test the model’s feasibility and robustness.
For most charities, finding the money for big capital projects, such as replacing unsuitable buildings, is a challenge. Using traditional fundraising streams can be time consuming and risks affecting other donations. Loans and social investment can offer an alternative, as the disability charity Scope found when it began to look at covering the costs of developing new accommodation to help the adults it supports lead more independent lives. Scope commissioned NPC to review its innovative new model.
We carried out research into Scope’s proposed funding model to check its robustness and feasibility. We assessed the model, explored the risks and benefits, and compared the product to a selection of existing innovative financing models. We also suggested some improvements to the model, which the charity took on board. Finally we published the findings in a report, New facilities, new funding, which has since been presented at funder forums so that others can learn from Scope’s approach.
‘Not only did NPC’s analysis provide us with constructive challenges that helped moved our thinking on,’ Jason Suckley, Director of Fundraising at Scope told us, ‘ but the media coverage we received from the report NPC published was extremely useful in terms of generating interest in the product, which has directly led to the acquisition of new donors.’