How IBDrelief is financed

We are a registered company that works on a not-for-profit ethos and are also a social enterprise - a company that looks to tackle social problems, improve communities, people’s life chances or the environment.

Any profits we make will be invested back into improving IBDrelief, given as donations to IBD charities and used to support research into IBD.

Where did the start-up costs come from?

In August 2015 we ran a successful crowdfunding campaign. Through it we raised £16,064 (this includes fees we had to pay afterwards) in cash and £34,000 as donated goods, time or services from companies (you can see the details here).

In September 2015 our founder Seb received £5,000 from TalkTalk as prize money when he won an award. This money has been used to help fund the website build.

Seb, Emily and Seb’s company Brightsite have also donated a lot of extra time to get phase 1 of the website launched (which took place in February 2016).

How are you going to pay your running costs?

We want to keep the main features and content of the website free for our users so we are often asked how we are going to make money to cover the running costs of the site. It’s something we have talked about at length and considered in depth.

We are currently trying to keep running costs to a minimum. We have a small office within the offices of Seb’s web design company (and is paid for by them). They also currently cover the cost of hosting the website and pay for its domain. It is our hope that eventually IBDrelief will pay for these costs, however this will not happen until it is sustainable to do so.

Current costs include Emily’s wages (Seb and designer Luke’s wages are currently also covered by Brightsite as they also do work for the company), accountancy costs and a small amount of expenses.

The first way that we will be looking to generate revenue is through our shop. The shop is run on an affiliate link scheme with Amazon and we receive a commission whenever anyone makes a purchase on Amazon via our shop or through this link.

The second way is through a listings directory which we will be implementing in March/April 2016. The directory will include listings from around the world of companies and services which may be beneficial to users of IBDrelief (such as shops which stock certain foods, therapists, nutritionists, restaurants which can cater for complex diets etc). These companies and services will pay a monthly fee in return for having a detailed listing on the site.

We will be looking for sponsorship from large corporations for some sections of the site (such as the diet and exercise section). If you are a corporation interested in finding out more about any opportunities then please contact us.

We have also been applying for grant funding to help us develop phase 2 of the website and are waiting to hear the outcome of some of these applications.

There are also many longer term plans we hold to help generate revenue should IBDrelief grow and take on more paid staff (but we don’t want to jinx things by revealing them now!).

We want to remain completely transparent about how IBDrelief is run and financed. Please contact us if you have any questions.