RESOLVED - That:
To have a tiered payment process based on the value of the grant
being awarded to the provider.
• Awards under £20k will be paid in advance
• Awards over £20k will be paid 75% in advance and 25%
on completion.
The Council accepts the risk that it may have to finance any
expenditure for which it is not possible to claim grant
reimbursement and that the additional cost will be funded by the
budget of the Education, Skills and Early Years Directorate and
Communities and Reform or from the Directorates reserves.