THE WORLD'S LEADING FEASIBILITY STUDIES COMPANY
Feasibility Studies - Importance
Most organisations, businesses, developers and charities make the mistake of steam rolling into a project without a sound feasibility study. The importance of one cannot be underestimated.
The information you gather and present in your feasibility study will help you:
For example, most commercial space leases place restrictions on businesses that can have a dramatic impact on income. A lease may limit business hours/days, parking spaces, restrict the product or service you can offer, and in some cases, even limit the number of customers a business can receive each day.
If you need a feasibility study- we can produce the most effective one for your organisation's needs. Our feasibility studies have brought in £37 million for our clients.
Three things are crucial when doing a feasibility study:
If the answer is yes- then you need a feasibility study- an effective one that can deliver for your organisation.
Did you know that applying for funding without a feasibility study for a project that is linked to a building can ruin your chances of success- in fact most funders won't consider your project without one. This could damage your organisation's credibility.
If you are planning an important project or a capital development for your organisation, you will need to have Feasibility Study and Business Plan to support your bids.
Your project's feasibility study and business plan both need to be effective and geared towards meeting the criteria of funding bodies. As well as ensuring that your project meets the requirements of the Disability Discrimination Act the feasibility study must include the following key areas:
Ensure that the objectives of the project match the economic development needs of the local area and are compatible with the wider county and regional economic development plans and strategies. This is important to ensure success in funding bids and to ensure that your idea fits into the wider master plan for the area.
Most organisations, businesses, developers and charities make the mistake of steam rolling into a project without a sound feasibility study. The importance of one cannot be underestimated.
The information you gather and present in your feasibility study will help you:
- List in detail all the things you need to make the idea work;
- Identify logistical and other problems and solutions;
- Develop marketing strategies to convince a donor, bank or investor that your idea is worth considering as an investment; and
- Serve as a solid foundation for developing your business plan.
For example, most commercial space leases place restrictions on businesses that can have a dramatic impact on income. A lease may limit business hours/days, parking spaces, restrict the product or service you can offer, and in some cases, even limit the number of customers a business can receive each day.
If you need a feasibility study- we can produce the most effective one for your organisation's needs. Our feasibility studies have brought in £37 million for our clients.
Three things are crucial when doing a feasibility study:
- It must be fully comprehensive- leaving no stone unturned
- The consultant preparing it needs to have an expert understanding of what the funding requirements are- to ensure synergy between the feasibility report and the funding application forms. If he/she doesn't- you've wasted your money.
- It must be complemented by a GOOD and THOROUGH business plan
If the answer is yes- then you need a feasibility study- an effective one that can deliver for your organisation.
Did you know that applying for funding without a feasibility study for a project that is linked to a building can ruin your chances of success- in fact most funders won't consider your project without one. This could damage your organisation's credibility.
If you are planning an important project or a capital development for your organisation, you will need to have Feasibility Study and Business Plan to support your bids.
Your project's feasibility study and business plan both need to be effective and geared towards meeting the criteria of funding bodies. As well as ensuring that your project meets the requirements of the Disability Discrimination Act the feasibility study must include the following key areas:
Ensure that the objectives of the project match the economic development needs of the local area and are compatible with the wider county and regional economic development plans and strategies. This is important to ensure success in funding bids and to ensure that your idea fits into the wider master plan for the area.
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