What is it?
The University of Manchester Students’ Union has revolutionised our funding procedure!
We are giving the student community the power to decide upon how much funding YOU need.
Fund it! Is a Participatory Budgeting system (PB) and being used by SU’s across the country such as Liverpool Guild and SOAS. PB is a transparent, democratic procedure, whereby societies present their ideas and vote upon how much money should be granted to other societies collaboratively coming to a decision on which projects they are going to fund.
Instead of filling in forms, there will now be six dates during the academic year when societies can bid for money from our £40,000 pot.
Societies will come together to look at all the funding requests and discuss as a group where it would be best used, and why.
This will give you chance to meet fellow societies and find out more about what they’re getting up to, and also work together to make sure all societies are happy with where the money is going.
Fund it! How does it work?
1. Create an idea!
Are you bidding for a large amount of money (£100 +)? Go through the Fund it! Process.
Are you bidding for a small amount of money (Under £100)? Submit a ‘Basic Funding Request Form’
2. Submit a bid!
Create a presentation to present your idea to other students, Create a poster to accompany your presentation, include background information about your society and finances. All this should be uploaded to the SU website under…
3. The Event!
Attend the Fund it! Event, take part in the decision making process and find out whether your event will be funded on the same day!
As with anything new and exciting there are always questions; of which we welcome! That in mind, we will be hosting a short briefing session in the coming weeks so, watch this space and keep an eye out for the next societies newsletter where will give you all the details. In the meantime, please check out the Fund It! FAQs and and Guidelines.