Programme Budget
The programme grants budget increased from the £0.5m in 2007 to £1.8m in 2012.
We will maintain the budget at no less than £1.8m adjusted in real terms. The budget figure is meant to provide a supportive idea of what can be funded but is not a sacrosanct figure that has to be adhered to.
This budget would cover the cost of new grants and also the cost of the knowledge creation and research agendas that are being proposed. Since both these agendas require a lot of time and effort to build, it may take time away from the core business of making grants. However the underlying approach would be to fund based on the capacity rather than the desire to spend thereby ensuring that all the grants receive the necessary support and attention that they require.