Category Archives: 3rd party

Environmental Trust Grants – 3rd Party Questions Answered

Third Party Funding Requirements
As part of the monies voluntarily passed by FCC Environment, the Government only allows FCC Environment a 90% credit against this amount.

In order to mitigate the losses incurred by participating in the Scheme FCC Environment (as a condition of providing Landfill funders with the funding)requires project applicants to secure the help of eligible ‘Third Parties’ who will reimburse them with an amount equal to 10% of the cost of the funding committed. In addition to the level of the grant this also takes into account the automatic levy charged by the Funds’s regulator ENTRUST together with a proportion of the costs associated with administering the grant.

Who can be a Third Party Funder?
The key consideration regarding Third Party Funding is the term ‘Unique Benefit’. Simply, a contributing third party cannot gain any unique benefit from the project put forward for funding. Examples of organisations which can be contributing third parties are:

  • Private Companies
  • Public sector organisations- Local Authorities, County Councils
  • Charities
  • Voluntary organisations
  • Private Donors
  • A person who shares the benefits with others. For example, a member of club or a person who uses with others a clubs facilities.

As part of a Landfill Bid funders will want you to demonstrate the impact on the environment your new facility or refurbishment will have on the environment.