Here we go - we're about an hour and a half to go to the 66th FET Business Board meeting, and it's a big one, for two reasons
Firstly, we currently stand at 199 Main Grants allocations, and with 5 solid projects on todays slate, we should easily crack the 200 barrier today...An achievement indeed, given that the spend to date associated with these allocations is about £4.2 million. This amount is part of a total funding (ie all funders involved in all projects of £21Million and change. That gives FET an average spend of £21k per project over a 16 year life span, and holding an average 20 percent share of those projects.
Thats all great, a good consistent effort by the Board and good community engagement, but the less long term we have a second piece of news...In the Financial year of 2014 - 15 (thats April to March by the way)
FET have made allocations against 13 projects - Thats projects we have decided to allocate Landfill Community Funding to, and have been registered with ENTRUST..If have two more projects that need a little bit more work before being presented and 5, as mentioned, on todays slate. The Previous FET years record for registrations in a single financial period is 15 projects...Do the math.
So not only do we hit 200 projects today, but theres a good possibility that we'll smash the registrations record...assuming I can get all the admin work done before the end of the month. I'm shooting for a good high number thats a serious challenge to equal again, let alone beat.Of course as always it's down to the Board of directors of FET to make the final decision.
Unfortunately I cant touch the total spend for a single year, which stands at , I think, £679,291 or so back in 2010 - 2011...That was some year!
I'll let you know how it all goes and release the names of our many projects in the next post.
To the applicants - Good luck one and all...We take you to the FET Board today and I hope everyone gets what they asked for!