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Last edited 05 Apr 2022
In general terms, the word ‘grant’ refers to allowing permission for someone to do something.
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.’
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.’
- Bridging loan.
- Construction loan.
- Defective Concrete Blocks Grant Scheme.
- Derogation from grant.
- General grant.
- Green Homes Grant.
- Mezzanine finance.
- Private Finance Initiative.
- Project-based funding.
- Property development finance.
- Uncompeted grant.
- Water Environment Grant.
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