Second tranche funding - revised process plus updated ordinary grant spend

As part of the second tranche process, Local Institutes can now apply for the potential ring-fencing of annual reserves, if monies relate to sponsorship received from local organisations. This new process was decided by the Grants Working Group that revisited the Local Institute funding process earlier this year. The Grants Working Group have also revised what local institutes can spend ordinary grant funding on in order to benefit members locally. Read more here.