Finance: Scheme will offer training on trade

The NCVO has extended a bursary scheme to help voluntary and community groups learn more about trading goods and services.

Only Connect, a scheme sponsored by Triodos Bank, provides funds to charities so they can visit other organisations that have made money from trading.

Groups must find an organisation they want to visit and will then receive up to £100 in travel expenses. Each host organisation will receive a fee of £150 for its advice and time.

Michelle Edmundson of NCVO's Sustainable Funding Project said: "Self-financing through selling goods and services can be a useful way to supplement grants and donations. This scheme gives organisations the opportunity to learn about new ways of income generation from others who have already taken this route."

KEY POINTS

- A bursary scheme run by NCVO and Triodos will help voluntary organisations learn about making money from trading

- Charities will be given expenses to visit organisations that have a record of trading success. The host organisation receives a fee

- 120 bursaries will be awarded until next November.

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