The Heritage Lottery Fund (HLF) has announced changes to its procedures in recognition of the economic challenges facing potential and current applicants.
The changes, which apply with immediate effect, are: reduced match funding requirements, management & maintenance costs included in match funding, more accessible grant increases, and consideration of requests for short-term revenue funding from past grant-holders where the current economic climate is putting the achievements of a project at risk, in order to protect HLF investment.
HLF said: “In all cases, applicants will still need to have explored other sources of funding and ensure their project offers good value for money. All these measures are time limited to the end of this strategic plan period to April 2013” and “HLF is currently looking at other ways it can assist with the challenges facing the heritage sector following the recent Spending Review and will be making decisions on future funding priorities over the coming months.”
For the full details of each new measure, click: LINK
