Finance News: NCVO starts second round of its trading bursaries scheme

Umbrella body the NCVO has launched the second round of a bursary scheme that enables voluntary organisations to find out how others have successfully made money from trading.

The scheme, Only Connect, is sponsored by charity banking specialists Triodos Bank, and pays for participants to find out more about organisations with a proven track record of non-profit trading.

Lucy Hughes, of the Sustainable Funding Project, said: "The Only Connect scheme has proven to be an effective way for organisations to learn about new ways of income generation from others who have already been successful."

The sponsor will pay up to £100 in travel expenses and a £150 consultation fee, which goes to the organisation offering advice based on its own experience.

The second round will last for three months. Applications will close on 4 February, but further rounds will run until November 2006. Five organisations will get bursaries in each round.

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