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The phrase "the financing of" is correct and usable in written English.
It can be used when discussing a subject involving the process of getting money or resources to pay for something. For example, "The financing of a new library was achieved through a combination of community donations and government grants."
Dictionary
the financing of
verb
To provide or obtain funding for a transaction or undertaking; to back; to support.
synonyms
Exact(59)
The financing of N.Y.U.
Has the financing of the site changed?
The financing of the current bid has been especially controversial.
Both proposals would fundamentally change the financing of Medicare.
Pennsylvania has also debated the financing of virtual charter schools.
The financing of some of them is now in doubt.
The bank supports the financing of goods and services.
Since the LTCM debacle, the financing of hedge funds has become a far tighter game.
Bank of America led the financing of the transaction, these people said.
The financing of Mangalyaan has thus barely chipped at the edifice of the Indian welfare state.
There are considerable variations among countries in the financing of social insurance programs.
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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