Start Ready


Start Ready is a new financial service for the humanitarian sector, with innovative crisis financing mechanisms to deliver faster, more efficient, and more effective global humanitarian action.

ARC Replica, Senegal, Credit: Maya Hautefeuille for CRS

What is Start Ready


Start Ready connects frontline responders to risk data and finance, so they are better prepared to respond to crises at scale

 

Start Ready is a new service that will provide pre-agreed funding at scale for predictable crises – based on locally led action and using innovative risk analysis, collective planning and pre-positioned financing. This innovative new service will sit alongside Start Fund in Start Network's financing facility

 

Local knowledge and leadership are integral to the success of this new model. Start Network hubs will work with the Start Ready team to develop a risk strategy and then apply for funding. Funds are pre-allocated, so if the need is there, the funding will be too.

 

Start Ready uses global finance principles to make every pound go further. For example, by risk pooling, we use funding more efficiently. Instead of having pots of funding pre-positioned for specific crises or particular countries, which are not always needed, we can pool risk making the funding stretch further.

 

This new service is not yet operational, we are now seeking funds to bring this new model for crisis action to the sector. To find out how you can support, please contact fundraising@startnetwork.org

 

Why Start Ready is needed


Hear reflections from Start Network colleagues in Bangladesh, The Philippines and Pakistan.

 

How Start Ready will work


Step 1

National networks of NGOs identify and prioritise risks.

Step 2

These risks are then categorised as ‘unpredictable’ or ‘predictable’. Unpredictable risks are supported by Start Funds, while predictable risks will go through Start Ready

Step 3

National networks of NGOs develop their country system to monitor and manage the risks they have prioritised.

Step 4

National networks of NGOs apply for coverage from Start Ready, which is approved by a panel including members of national governance structures, and risk experts

Step 5

Start Network's finance facility governance committee decides on funding allocations and shares the most efficient ways to pre-position funding, using the services on offer:

Contingency funds – such as the Start Fund and Start Fund Bangladesh, for regular crises of mild severity, small to medium-sized crises, where likely impact is low.

Risk pool – for predictable moderate crises, where it is more efficient to share risks across other hazards.

Insurance – for rarely seen, extreme crises where risk needs to be transferred to a third party.

Step 6

Start Ready pre-positions funding, so it is ready to be triggered when needed.

Latest news

News Article

COP26: New global financial service launches to protect most vulnerable from climate crisis – before disaster hits

Start Ready, a new global financial service that will support the humanitarian sector to tackle the climate crisis is launching today at COP26, with funding from the UK Government, the French Government, the IKEA Foundation and Margaret A. Cargill Philanthropies.

08Nov21

News Article

COP26: New insurance sector and NGO partnership will protect world’s most vulnerable from climate risks

Start Network and the Insurance Development Forum (IDF) are today announcing a new partnership to support the development of a new global financial service for the humanitarian sector, which will help communities to get ahead of escalating climate risks.

03Nov21

Blog Post

High-level Humanitarian Event on Anticipatory Action: Statement by Christina Bennett

The United Nations and the Governments of Germany and the United Kingdom convened a high-level event to advance anticipatory action and galvanise a collective push to act ahead of crises. Start Network CEO Christina Bennett made the following statement at the event.

14Sep21

Blog Post

Reflections on the High-level Humanitarian Event on Anticipatory Action

A High-level Humanitarian Event on Anticipatory Action, convened by OCHA and the Governments of Germany and the UK, took place on 9 September 2021. This brought together leaders from across governments, international financial institutions, the United Nations (UN) and civil society, who delivered powerful statements on their commitments to act to ahead of crises. Here, Sarah Klassen, Ben Webster, Jânio Dambo, and LA Dimailig offer their personal reflections on what this event achieved – and what should happen next.

14Sep21

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