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Discover LudwigThe phrase "are funding" is correct and usable in written English.
It can be used when discussing ongoing financial support or investment in a project, organization, or initiative.
Example: "The government are funding several new initiatives to improve public transportation in the city."
Alternatives: "are financing" or "are supporting".
Dictionary
are funding
noun
A sum or source of money.
Exact(56)
We are funding this".
Australian taxpayers are funding it.
"Us small business are funding it hard.
We, the taxpayer, are funding these licences.
Don't you know what hideous smugness you are funding?
"Women didn't fund suffrage; now women are funding women.
Where are funding cuts having the biggest impact to theatre?
"Your tax dollars, my tax dollars are funding this.
Similar(3)
"We are funding people to look far more at the root causes and systems," she explains.
Finally! Venture Capitalists have crawled out of their bomb shelters and are funding startups again.
While Ali's project is funded privately, NGOs working in Syria are funding similar agricultural development programmes.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com