statement2There are three fundamental types of resources to search for:

  1. Technical resources refer to the know-how that is necessary to deal with every aspect of the WIP’s operation;
  2. Material resources are the physical infrastructures (e.g. buildings) and equipment (e.g. computers, vans, and so on) that the programme requires to function;
  3. Financial resources are the funds needed to develop, implement and keep the WIP going.

Resources can be searched for both internally and externally. Take a close look inside your own organisation before engaging in searches elsewhere. Sometimes the resources may be closer than imagined. External funding sources should be carefully selected and monitored.

There are several areas to look for resources, most of which may provide more than just one type of resource:

  • Sales of goods and services: in the case of WISEs, income resulting from trade is to be used as reinvestment capital and a guarantee of sustainability
  • State and local government support: look for Job Centre initiatives and training contracts through Education or Labour Ministries, the purchase of goods and services, and the use of buildings or equipment;
  • Corporate social responsibility: here you can search for financial, material and technical (e.g. legal, business, or tax-related) resources. Be aware that the very choice of the business area/theme is quite strategic, as it can determine or constrain fundraising, as funders will almost certainly be more sensitive to some areas than others;
  • Philanthropy: here you can search for financial grants from charities or for donated physical assets (premises, land, etc.). Some countries have comprehensive directories for fund-raisers whereas in others the information is more disperse. Whatever the situation in your country, try to be systematic in this search.  

If you are going to set up a WISE you will definitely need to make a business plan, so:

  • Check out some models of social business plans
  • If needed, look for support from consultants, business-related partners or Universities
  • Consider setting up a partnership with a specific company that will advise you and be your business partner in the future. See our Good Practice example: CAIS
  • Do research on how similar projects got up and running

Thus, setting up a WIP is a collaborative approach.