Statements by Funders
Leading funders are in the process of adopting the principle of Full Cost Recovery, and are encouraging organisations to submit properly costed bids.
"Futurebuilders is committed to the principle of full cost recovery: it is at the heart of creating a sustainable third sector that can win and deliver public sector contracts."
Jonathan Lewis, Chief Executive, Futurebuilders England
"Full Cost Recovery is helping create a more level playing field between the third sector and others, and across the sector itself. But adopting FCR has not just been about changing our own rules. Many organisations need support to understand and apply the concept. ACEVO has been at the forefront of spreading that knowledge, and helping develop new skills in the sector. Its guidance has already helped hundreds of organisations benefit from the new rules."
Big Lottery Fund
"The Foundation is willing to consider requests for core funding or for project funding. It supports the principle of Full Cost Recovery."
"The Nationwide Foundation has been committed to funding core costs for almost a decade. We recognise that charities simply cannot operate without support for their core work. We place importance on the notion that to fund core costs is innovative as it provides charities with the confidence to provide and develop the services which they were established to deliver. We encourage our grant applicants to apply Full Cost Recovery to their budgeting and refer them ACEVO's guide."
Lisa A C Parker, Chief Executive, The Nationwide Foundation
