Elements and Performance Criteria
- Clarify the financial scope of the project
- Identify sources of finance
- Develop the proposal
- overview of the project and objectives
- the purpose and amount of finance required
- the proposed structure of the project operation
- the operational and marketing plan
- projected financial performance
- management and creative experience involved
- level of risk involved
- other appropriate sections depending on the needs of the particular project
- Obtain legal advice
- Seek legal advice on all aspects of the proposal such as tax structure, rights and responsibilities and incorporate the advice into the funding proposal
- Submit the final proposal for advice on compliance with legal, tax and regulatory requirements and get final agreement checked by the lawyers to ensure that it meets the requirements
- Present the proposal to funding body or prospective investors
- Make an effective presentation to the funding body or prospective investors using appropriate communication techniques, to explain the details of the proposal emphasising the creative possibilities and the benefits of the project
- Evaluate the presentation to identify strengths and weaknesses to inform subsequent presentations
- Negotiate terms and conditions of investment
- Finalise formal agreement
- Finalise agreement including accurate information on rights and responsibilities of all parties to the funding agreement and document agreement
- Circulate documents detailing funding agreement and terms and conditions of the agreement to all stakeholders as quickly as possible.
- Determine reporting and review process required and set up processes for monitoring compliance with the agreement
- Include consultation with the legal adviser in the finalisation of the agreement