To secure finance at any of the project stages will require evidence to be provided that the project is worth supporting financially and that the organisation taking the funding is competent and fit for purpose. These requirements will vary but the main requirements are shown below:
Requirement/condition |
Evidence |
That the organisation or proposed organisation is capable of implementing the project and has the power to do so. |
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That the organisation has the financial and administrative systems to properly account for the finance of the project |
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That the project and the organisation promoting it is supported by the local community |
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That other financial support has been applied for and/or agreed |
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That the project is technically feasible |
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The contribution that the project makes to other projects and plans in the area where the project is located |
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That the project can demonstrate what it has done to secure value for money |
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That measurable benefits such as the number of new jobs, amount of new workspace, number and types of building users and so on made possible by the project are documented and reported on a regular basis. |
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That the project is viable and that the financial estimates and assumptions are robust |
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That the project will create a valuable asset |
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That the project is of good quality in relation to design and construction and has considered environmental features that help to reduce its running costs and carbon footprint |
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That reports and accounts on the use of the money spent can be provided. |
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