How is my investment broken down?
Sponsoring a Project in a Region
- £1,250 will be added to your chosen regional grant pot to be pledged towards a project within your region.
- £1,250 will go to support the development of tools The 401 Foundation needs to build in order to secure a sustainable future and fund more projects in your region.
Sponsoring a Project in a County
- £500 will be added to your chosen county grant pot to be pledged towards a project within your county.
- £500 will go to support the development of tools The 401 Foundation needs to build in order to secure a sustainable future and fund more projects in your county.
Can I only sponsor one county or region?
You / your business can sponsor as many regions or counties as you wish. Once you have secured the region or county then no one else will be able to secure it for this current round
If I sponsor a Region, does this mean I will secure all the counties within it?
We have separated out both the regional and county opportunities to allow businesses to choose an appropriate level of investment based on their businesses geographical reach.
Sponsoring a Region will mean you get to support a project in any of the counties your region covers. If another business chooses to invest a lower amount in one of the counties in your region, they secure that county only. Choosing a regional investment level gives you a pick of more projects across your region, whereas investing in sponsoring a county will only give you a choice of projects in that county.
Our regional grants are £5000 whereas our county grants are £3000, so the investment you will be handing out is higher.
What is the timescale on handing out the grant?
Based on how your investment is broken down, 50% of your investment will go towards either a £5000 regional grant or a £3000 county grant.
The 401 Foundation will use its event portfolio and fundraising strategy to ensure the pots reach either £5000 or £3000, at which point the grants will be ready to hand out. the timescale on this is variable as it is dependent on how quickly we can get the pots to the financial level required in order for you to hand out your grant.