During the current year Administration Grants will be paid to all tenant group’s based on £4.30 per tenanted property.
Any group with more then one year’s grant fund in their bank account, or £1,000 or greater, with no expenditure of this sum planned will not be eligible to claim Administration Grant until their account balance falls below this figure.
Any tenant group with less then one years grant funding in their bank account, or they have reserved the money for specific expenditure will be able to claim a second administration in quarter 4 subject to sufficient funds being available.
Every eligible group would receive the minimum and more active group’s with less then one years grant funding in their bank account, would receive the maximum.
| Minimum Grant | Maximum Total | |
|---|---|---|
| Groups with 10 tenanted properties would receive | £360 | £720 |
| Groups with 50 tenanted properties would receive | £360 | £720 |
| Groups with 100 tenanted properties would receive | £430 | £860 |
| Groups with 200 tenanted properties would receive | £860 | £1,7200 |
| Groups with 300 tenanted properties would receive | £1,290 | £2580 |
| Groups with 400 tenanted properties would receive | £1,720 | £3,4400 |
Download Administration Grant Application Form
Groups will be notified of outcomes and BAC payments (if agreed) made within 10 working days.
Reports will be presented quarterly to the Management Committee and added to the finance monitoring information provided to the Management Committee.