1. Develop Fund purposes and/or priorities, if these are not already in place.
  2. Ring-fence a percentage of funds to projects that meet specific Fund purposes/priorities that have not been sufficiently well funded to date (and where there is a clearly further need) or state that only projects meeting those outcomes will be funded for a specified period or until further notice.
  3. Reduce the maximum grant size, encouraging applicants to reduce project costs by improving efficiency, seeking funds elsewhere, or reducing the scale of their projects.
  4. Close the Fund for a period, encouraging prospective applicants to seek funding elsewhere.
  5. Specify new or tighten existing horizontal criteria, for example stating that only proposals with a robust plan for sustainability beyond the grant period, or those that can evidence a stated minimum level of matched funding, will be considered.
  6. Close the Fund to certain types of project or applicant, for example where the impact from these is unproven or where a significant number have previously received funding.

 

Where any of the above changes are introduced, they must be adequately communicated to ensure the Fund continues to be operated in a fair and transparent way.