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What happens if our project costs less than we thought it would?

What happens if our project costs less than we thought it would?

The grant will be reduced. Our grant detailed in your Offer Letter is the maximum amount we will pay; the most important figure is the percentage. In other words if the grant is for 50% towards a total anticipated cost of £150,000, up to a maximum of £75,000, and the project eventually costs £120,000, the Foundation will pay a total of £60,000.