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All applicants are asked to provide the following as part of their application

i)    A completed Financial Summary Table

ii)    Explanatory notes to support the table (no more than one side of A4)

 

i)  Financial Summary Table

This is a tabular summary showing (in pounds sterling) the year on year costs of the project plus a breakdown of:

  • the sum requested from the Trust (NB The Trust does not pay overheads on any of its grants) and
  • the sum to be supplied from each other funding source (which should be named) 

It is not essential that the sum requested from the Trust is exactly 50% of the allowable costs – if you have more funding from external sources then the sum requested from the Trust could be less.

For allowable costs, see notes on relevant grant categories.

Specify the date on which you wish the grant to start (ie when Year 1 is expected to start)

See example of a Financial Summary Table - the coloured rows are for clarity and emphasis only - don't feel you have to emulate them in your table.

ii)  Explanation of the project's finances

  • Specify sources of matching funding already in place and/or those yet to be approached
  • Specify which elements  of the total cost are to be secured from elsewhere
  • Explain which parts of the project the Trust is being asked to fund
  • If public money is available for the same purpose, explain why a grant is sought from the Newton Trust
  • Describe future proposals and funding streams to which the project might lead if successful - this is particularly important when making an application for pump-priming/bridging support.  Specify the timescale for such applications / awards.
  • Bridging v. underwriting:  if you have applied for another grant and don’t know the outcome, but this other grant would start before the end of the INT grant you are seeking, you must tell us when this other grant would start and undertake to replace the INT grant with the new grant as soon as it is available. INT will then consider providing a bridge to the start of the new grant and a period of underwriting to cover the remaining period in the event that you are unsuccessful with the other grant. You will need to be clear whether you need a bridge, or underwriting, or a period of each in your application and inform us right away if you succeed in obtaining a replacement grant.