Nursery World - Securing funding: It all adds up

Securing funding takes dedication and a plan of action. June O'Sullivan explains how it's done

Securing funding takes dedication and a plan of action. June O'Sullivan explains how it's done

Nowadays, we often hear the term 'sustainability'. It has become a favourite word among grant officers, management committees, business advisers and funding authorities, and means 'being self-financing'. It is often followed by the question, 'What are you doing to cover all your running costs and have enough left over to pay for any crisis?

This is a key question for any business, whether a private nursery or a childminder setting up a small home-based business. It involves taking account of all the costs (including hidden expenses such as wear and tear, depreciation and vacancies) necessary to set up, run and meet the future expenditure of the business.

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