Will all of my local funding end up coming through the consortium?

No.  This is certainly not the consortium’s intention.  This scenario would be bad for the individual member as it would mean that it was overly reliant on the consortium.  Similarly, it would be bad for the consortium to have members that were 100% reliant on it for funding.  As a rough benchmark, no more than 50% of an organisation’s funding should come through the consortium.  The best scenario is for you to continue to access grants, donations and small, direct contracts, alongside consortium sub-contracts.  This makes for a balanced, healthy approach.