What income and other resources is the grantee contributing or other partners contributing to the project, what has been raised to fund the project so far, and are there any plans to generate further income to increase the scale of impact?
What are we looking for?
We would like to know about any matched funding that the project is able to leverage – and therefore “maximise the Ormiston pound”. Matched funding can be from other funders e.g. other project partners, or from your own organisation – it is important to note that matched funding can be monetary or in-kind, e.g. free use of a venue, or volunteer time.
We would also like to know if there are plans for any additional income generated as a project output, and if so what are the expectations for future income. This will be helpful in assessing the future sustainability of the project.
This principle is assessed in the following questions:
- 4f: Are there plans for revenue generation, or any plans for alternative sources of funding after this grant ends?
How can this be demonstrated?
Evidence of matched funding:
- Any matched funding and their source should be made clear as part of your budget.
- Is the matched funding confirmed – e.g. a secured funding bid or donation, or unconfirmed e.g. a submitted funding bid that you are still waiting to hear back on?
- If you are relying upon a substantial amount of unconfirmed matched funding, please ensure contingencies are described in the risk assessment on if you receive less funding than you expect.
Plans for future income:
- An explanation of what the revenue-earning activity will be e.g. delivering training to others, and forecasts for expected income. It would be helpful to know if there is any evidence of potential demand for the service that your project will be offering.
