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What do you mean by capital expenditure?
The International Communities programme intends to fund mainly the revenue costs of projects, therefore we will only award up to £50,000 towards capital costs. While we can support some capital costs for small-scale building, refurbishment or items of equipment, these must not be a major element of your project.
If you are applying for a grant that includes land and buildings capital expenditure, you will need to complete our International Communities capital checklist, which you can find in Appendix C: Property declaration.
The Stage one application form (page 23) requests that all project costs are split between revenue, capital and overheads.
Capital costs may include:
• Any building and construction work, e.g. new buildings projects or refurbishment, alteration, adaptation, renovation or extension of existing buildings. This also applies to general improvements to land or landscaping. In all cases you should include any associated costs such as professional fees or irrecoverable VAT.
• The purchase of land or buildings (freehold or leasehold).
• The purchase and installation of fittings and equipment such as kitchens, white goods, IT equipment or large items of furniture.
• The costs of boring & installation of wells and solar panels.
• Vehicles.
• Professional, statutory and legal fees associated with capital spend for the project.
• Any other single items of equipment with a depreciable value, or with a value over £1,000
Please note that small items of equipment or goods with no depreciable value or a value less than £1,000 are not classed as capital. For example, stationery, small agricultural and construction tools as well as consumables such as seeds.
Please see Appendix B: What will we pay for? in our Stage one application form and guide for more information.
Not answered your question? Call 0845 4 10 20 30 or email enquiries.international@biglotteryfund.org.uk