VOICE is a European network of 82 humanitarian NGOs. Improving policy and practice of Disaster Risk Reduction (DRR) in developing countries has been a priority issue for the network over many years. 2013 is a key year in the development of the next international framework for reducing disaster risk worldwide including via the Global Platform for Disaster Risk Reduction in May. The EU as a global player and major donor has an important role in this discussion. While progress has been made in integrating DRR in humanitarian action, now the development community has a crucial role to play in raising awareness and practice of disaster risk reduction to protect lives and livelihoods in the global south. This paper is part of a series of providing an introduction to key discussions around Disaster Risk Reduction. Here we explore funding for DRR, and which approaches can best support reducing risks.