Key Stages of Project Development

How can you make your project more likely to attract finance?

Access to finance is one of the main barriers to development projects. Despite efforts to encourage investment, many projects are considered by investors to be high risk which can prevent the flow of finance. The reasons for this perception of high project risk are varied and they can affect the ability of a project to proceed to implementation, no matter how badly the community needs it. Understanding the different types of risk associated with projects and ways to reduce risk can increase the chance of successfully attracting finance.

The implementation of a project involves a number of phases and each has specific risks associated with it. Once a potential project has been identified, there follows a development phase, a construction phase and an operation phase. Accurately identifying and mitigating project risks at each of these stages will improve the ability to attract finance for the project.