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What financial information does an application need to include?

 It is likely you will need to prepare:

  • Project Budget: The team will need numbers (wages, software costs, capital costs, etc)
  • Forecasts: Funders will likely want to see some level of financial forecasts to varying levels of detail. There might be a specific spreadsheet to complete (usually a template from the funder – these can require a little patience). Funders will also want to know about growth in job numbers. Generally, your existing 3-5 year headline forecasts will be enough.

Match Funding: At the DD stage, funders will need bank details and evidence you have the required match funding in place. Normally having enough money to cash flow the first 4 months of the project is sufficient.

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