Grant
In general terms, the word ‘grant’ refers to allowing permission for someone to do something.
It can also refer to money given to a person or organisation by a body such as the government for a specific purpose.
Functional Standards Common Glossary, published by the Cabinet Office, states: ‘Grant schemes are created to deliver a specific policy area, generally providing for a number of individual awards that sit within the scheme.’
‘A grant award is made to meet one of the objectives of the grant scheme. Grant awards can be made to organisations, registered and unregistered entities and individuals.’
And a grant agreement is: ‘an agreement that provides a legal framework and sets out details of the grant including what the funding is to be used for, what expenditure is expressly eligible and ineligible, together with details of the payment model, performance and monitoring regime, termination and clawback provision, and financial reconciliation.’
The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), defines grants as: ‘…transfers made in cash, goods or services for which no repayment is required.’
[edit] Related articles on Designing Buildings
- Bridging loan.
- Collateral.
- Construction loan.
- Defective Concrete Blocks Grant Scheme.
- Derogation from grant.
- Funding.
- General grant.
- Green Homes Grant.
- Grant-in-aid.
- Mezzanine finance.
- Mortgage.
- PF2.
- Private Finance Initiative.
- Project-based funding.
- Property development finance.
- Uncompeted grant.
- Water Environment Grant.
Featured articles and news
ECA Industry Awards 2024 shortlist revealed
22 leading businesses from across the electrotechnical and engineering services sector.
Government unveils Skills England strategy
Skills England to transform opportunities and drive growth.
New Government Hub for York Given Planning Green Light
For up to 2,600 civil servants, due for completion by 2028.
Construction Skills Certification Scheme cards
July update on Professionally Qualified and Academically Qualified Person Cards.
BSRIA Briefing 2024, November 22
Sustainable Futures: Redefining Retrofit for Net Zero Living.
The CLC on driving competency in the retrofit sector
Previously published roadmap on skills for net zero.
The first labour government King's speech in fifteen years
Construction industry reactions, support and some concern.
CIOB Retrofit of Buildings Technical Information Sheet
What retrofit is, the approach to be taken and processes to be followed.
Adapting Historic Buildings for Energy and Carbon Efficiency
Historic England advice note 18, free download published.
10 retrofit projects revisited 10 years after completion.
Information orders, building liability orders and SPVs
Key BSA terms and how they impact special purpose vehicles.
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.