Tag Archives: Idox Group

MyFundingCentral: helping thousands of charities address financial pressures

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The effects of the current cost of living and inflation rises are spiralling through society, and the voluntary and charitable sector is on the frontline when it comes to supporting struggling individuals and communities. However, the organisations delivering this support are anticipating significant financial pressures themselves this winter.

Rising demand and rising costs are combining with falling charitable income to create a crisis within the sector. At the start of September, 46 sector organisations issued a joint statement calling on the Government to provide targeted financial support for charities, voluntary and community organisations and to include these organisations in any plans to support businesses.

Funders are already starting to respond to the pressures – and an anticipated increase in demand for food, debt advice and mental health support – by closing or pausing regular funding schemes in order to launch new emergency funding opportunities, just as they did during the pandemic. It is expected that funders will also provide more support for core costs, in order to help organisations struggling with energy costs or retaining staff.

The importance of grants for the sector

Even in normal times, the voluntary and charitable sector relies heavily on grants from trusts, foundations and government in order to carry out its crucial work.

Recent research from the Law Family Commission on Civil Society has shown, though, that small and medium charities face particularly high costs in accessing funding. On average, they devote more than a third of their total annual grant income to applying for charitable grants. The report suggested that a key cause of this is making applications for funding for which they are actually ineligible.

Smaller charities are unlikely to have dedicated funding officers to search for funding and submit applications. With thousands of funders awarding grants to charities for a wide range of causes and beneficiaries, it can be hugely difficult to keep track of potential funding opportunities and decide which are most relevant.

An affordable, essential solution

It’s for this reason that more and more small charities are turning to MyFundingCentral to help them. Now in its second year of operation, the MyFundingCentral database (produced by software specialists Idox) provides easy access to thousands of grants and social investment opportunities from local, national and international funding sources – all in one place.

The service is available to organisations with an annual income below £1m and is free for organisations whose income is under £30k. Larger charity and voluntary organisations can access Idox’s GrantFinder service, which works with organisations with an income over £1 million.

MyFundingCentral is designed for easy use and around 3000 small charities use the service every month to find funding to keep existing projects going or to expand their work. It is updated every day with new funding opportunities from charitable trusts, foundations, councils, national government and corporate sponsors.

Success stories

Charities regularly share their success stories with us.

Paula Baker who is Director of HeadsUp Mental Health Awareness CIC was pleased to report that they secured £14,500 from four grants identified through MyFundingCentral. “It’s an easy-to-use service, which has benefitted us greatly.” HeadsUp is a charity that works with children and young people, promoting understanding, raising awareness, and breaking down the stigma that surrounds mental health issues. Even small amounts of grant funding can have a big impact on the number of children and young people that they are able to help.

Lucy Whitehouse, Founder and CEO of Fumble.org.uk said that “MyFundingCentral’s portal is totally invaluable to us as a tiny, fledgling charity with really limited staff capacity. The service has helped us find and apply for relevant funding opportunities that we otherwise wouldn’t know about or be able to access.”

Easy to use

Subscribers to MyFundingCentral have immediate access to a database tailored to meet the needs of the charities and voluntary sector. Users of the service can:

  • search the database to identify opportunities that match their project;
  • find niche funding opportunities that free funding tools typically miss;
  • narrow searches to funding available in specific geographic areas;
  • receive alerts about new funding opportunities tailored to their needs direct to their inbox; and
  • get the latest news on funding.

The database is easy to use, with key eligibility criteria highlighted, and information on how to apply fully explained. There’s no jargon, and because all of the funding opportunities have been handpicked by MyFundingCentral researchers to be right for the sector, users can be sure that they are current and relevant to their needs.

For further information and to subscribe, visit the MyFundingCentral website.

Further reading: more about the charities and voluntary sector on The Knowledge Exchange Blog

MyFundingCentral: a funding lifeline for the UK’s vital charities sector

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It should go without saying that the charities and voluntary sector makes a valuable contribution to society. In economic terms, NCVO has estimated that the sector accounts for over 950,000 jobs and over £20bn in GDP. The social value of the sector is harder to measure, but there’s no doubt that the thousands of charities and millions of volunteers across the UK deliver vital support in areas such as homelessness, healthcare and education.

The impacts of the pandemic

During the past two years, the impacts of the COVID-19 pandemic on the charities and voluntary sector have been profound. The Charities Commission has reported that over 90% of charities have experienced some negative impact from Covid-19, while 60% lost income. At the same time, the voluntary sector has experienced a surge in demand for its services.

The importance of grants

While charities rely heavily on donations from the public for their funding, contracts and grants from trusts, foundations and government generate almost as much of the sector’s income. There are thousands of funders awarding grants to charities for a wide range of causes, from poverty relief and housing to educational and community arts projects. Keeping track of all these funding opportunities is challenging, particularly for smaller charities.

An affordable, essential solution

One solution to ensure that charities are up-to-date with information on grant funding opportunities is MyFundingCentral from software specialists the Idox Group.

Now in its second year of operation, the MyFundingCentral database provides easy access to thousands of grants and social investment opportunities from local, national and international funding sources – all in one place.

The service is available to organisations with an annual income below £1m and is free for organisations whose income is under £30k. Larger charity and voluntary organisations can still access Idox Group’s GrantFinder service which works with organisations with an income over £1 million.

MyFundingCentral is designed for easy use, recognising that smaller charities generally do not have specialist staff focused on finding and applying for funding. Around 3000 small charities use the service every month to find funding to keep existing projects going or to expand their work.

A dedicated team of expert researchers monitor, verify and report daily on thousands of funding sources, including charitable trusts, foundations, councils, national government and corporate sponsors. And because the service comes from the same reliable source as GrantFinder – the leading funding database in the UK and Europe – MyFundingCentral has ready-made relationships with funding administrators and fund managers across a wide range of organisations.

All part of the service

Subscribers to MyFundingCentral have immediate access to a suite of services tailored to meet the needs of the charities and voluntary sector. This means that users of the service can:

  • search the database to identify opportunities that match their project;
  • find niche funding opportunities that other funding searches typically miss;
  • narrow searches to funding available in specific geographic areas;
  • receive alerts about new funding opportunities tailored to their needs direct to their inbox;
  • get the latest news on funding.

The database is easy to use, with key eligibility criteria highlighted, and information on how to apply fully explained. There’s no jargon, and because all of the funding opportunities have been handpicked by MyFundingCentral researchers to be right for the sector, users can be sure that they are current and relevant to their needs.

A lifeline for the future

Over the past two years, the charities and voluntary sector has proved its resilience. Many charities and voluntary organisations have found ways of adapting to the restrictions caused by the pandemic, despite the challenges of increasing demands and falling incomes.

Now, as it emerges from the worst of the restrictions, the sector is facing a still uncertain future. The voluntary sector is a huge, diverse and vital part of our society, and now more than ever it needs funding to continue its work with and for communities.

For many charities, MyFundingCentral is already a lifeline for connecting to funding streams. It offers the sector a reliable and up-to-date resource that can point charities towards the funding they need.

For further information, and to subscribe, visit the MyFundingCentral website.

Photo by Towfiqu barbhuiya on Unsplash

Further reading: more about the charities and voluntary sector on The Knowledge Exchange Blog

A moving story: how Idox’s new office in Glasgow became a piece of history

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In September, the Idox Information Service moved into our new home. Along with our colleagues in the wider Idox Group, we relocated from the Scottish Legal Life Assurance Building in Glasgow’s Bothwell Street to the Grosvenor Building in Gordon Street, just a few blocks away.

If our previous office could be described in terms of “Grand Designs”, our new workplace is definitely about “location, location, location”. Situated directly opposite Glasgow Central Station, the Grosvenor Building really is in the middle of things.

And, just like our previous home, our new Glasgow office has an interesting and distinguished history. It was designed by one of Britain’s greatest architects – Alexander Thomson (often referred to as “Greek” Thomson because of his signature Graeco-Egyptian style).


From ecclesiastical site to commercial centre

The site was originally occupied by the Gordon Street United Presbyterian Church. In 1859, Alexander Thomson and his brother George persuaded the congregation to sell the church, and in its place they built a commercial property, with street-level shops and a warehouse on the upper floor.

The building’s façade bears the hallmarks of a “Greek” Thomson original, with his familiar ornate columns on the lower storeys. It was completed in 1861, but three years later, the warehouse caught fire and had to be rebuilt. After another fire, in 1901, the building was restored, but this time with a new superstructure on top of the existing warehouse.

 

This extension, designed by James Craigie, continued the classical theme, with elongated columns and twin baroque domes. But while some regard the additional layer as complementing Thomson’s theme, more critical observers believe that it detracts from his original vision.

Style and substance

The extension, however, was to become one of the most sophisticated meeting places in Glasgow. With a magnificent marble staircase sweeping up to a stylish restaurant, and function rooms containing stained glass windows and crystal chandeliers, The Grosvenor (which gave the building its present name) was a place to see and be seen. Later, when the staircase was removed, many couples who had celebrated their wedding receptions at The Grosvenor, bought up pieces of the marble as souvenirs.

Yet another fire, in 1967, put an end to fine dining at The Grosvenor, and for many years the building lay empty. Today, after an extensive refurbishment, The Grosvenor building is home to a suite of modern offices, although it retains its classical façade.

An architectural legacy

A fine building in its own right, The Grosvenor also has some elegant architectural neighbours, including the Grand Central Hotel, the Ca’D’Oro and another of Alexander Thomson’s masterpieces – the Egyptian Halls.

For a long time after his death in 1875, Thomson’s work was neglected, and even today the future of the Egyptian Halls remains in doubt. Elsewhere, both in Glasgow and beyond, “Greek” Thomson is becoming almost as well-known as that other celebrated Glaswegian architect, Charles Rennie Mackintosh. And it’s worth noting that the money raised from the sale of the Gordon Street site in 1859 went on to fund one of Alexander Thomson’s greatest buildings – the St Vincent Street Church.

It’s good to know that Alexander Thomson’s legacy is being preserved in The Grosvenor Building, and that the latest chapter in the story of Idox will be written into Glasgow’s architectural and social history.