E3 Obtain additional finance for the organisation
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Email a friendUNIT E3 - Obtain additional finance for the organisation
This unit is about identifying the need for and obtaining additional finance to fund the organisation’s proposed activities. The organisation may already be generating some surplus income through the ongoing supply of its products and/or services. This may be insufficient, however, to fund activities such as investment in new equipment or proposed changes to products and/or services and it is in instances such as these where additional finance might be required.
A key aspect of this unit is identifying types of finance and funding providers which are appropriate to the particular needs of the organisation.
Whilst you would be expected to draw on the expertise of financial specialists, you are not expected to be a financial specialist yourself.
For the purposes of this unit, an ‘organisation’ can mean a self-contained entity such as a private sector company, a charity or a local authority or a significant operating unit, with a relative degree of autonomy, within a larger organisation.
This unit is about identifying the need for and obtaining additional finance to fund the organisation’s proposed activities. The organisation may already be generating some surplus income through the ongoing supply of its products and/or services. This may be insufficient, however, to fund activities such as investment in new equipment or proposed changes to products and/or services and it is in instances such as these where additional finance might be required.
A key aspect of this unit is identifying types of finance and funding providers which are appropriate to the particular needs of the organisation.
Whilst you would be expected to draw on the expertise of financial specialists, you are not expected to be a financial specialist yourself.
For the purposes of this unit, an ‘organisation’ can mean a self-contained entity such as a private sector company, a charity or a local authority or a significant operating unit, with a relative degree of autonomy, within a larger organisation.