The ordinary grant funding model seeks to share the available funds equitably via a performance-related payment based on the annual assessment completed by each institute.
The model not only reinforces local institute best practice but also supports the provision of member services across the UK.
All institutes are now allocated to one of four bands – based on their annual assessment score. These bands are assigned an associated percentage payment of an institute’s total membership fees.
The funding this year has been split into three peer groups – over 2000 members, 1000 to 2000 members and under 1000 members. Within each peer group, institutes can receive 10, 12, 13 or 14% grant payments. This approach is fairer across the network, as it enables institutes to be compared on a like for like basis, rather than comparing an institute with say 2000 members to one with just a few hundred.
A full list of grant payments including special grants) for 2020 can be downloaded below.
Should you have any questions regarding your funding for 2020 then please contact your Regional Membership Manager.