A restructure of funding rounds aims to make it easier for applicants seeking grants from the Community Trust Mid and South Canterbury. The new method, to be introduced in the new financial year, will see two grant rounds annually for capital projects up to $20,000, two for capital projects over $20,000 and two for operational programme or event funding. Trust board chairman Nathan Mills said in the past applicants selected a round to meet the level of funding they sought – up to $10,000 or over $10,000. “The new model will provide greater clarity for applicants around which round will be most appropriate for their application, provide some guidance around likely funding levels, better separate ‘major’ and ‘minor’ capital projects (through a new and higher financial threshold), and enable trustees to more readily evaluate the merits of the various projects and programmes presented.” READ MORE: Demand outweighs money available in Mid and South Canterbury’s trust latest funding round He said the plan was to optimise the funds which were returns from the trust’s $50 million investment portfolio. “And to promote an equitable distribution of grant monies.” The announcement comes at a busy time for the trust, last week it was… Read full this story
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