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Student loans and grants in the United Kingdom. Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), an executive non-departmental public body. The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI ...
Grant (money) Latin grant dated 1329, written on fine parchment or vellum, with seal. A grant is a financial award given by a government entity, foundation, corporation, or other organization to an individual or organization for a specific purpose. Unlike loans, grants do not need to be repaid, [1] making them an attractive source of funding ...
The National Lottery Community Fund, legally named the Big Lottery Fund, [1] is a non-departmental public body responsible for distributing funds raised by the National Lottery for "good causes". It is the largest community funder in the UK and its purpose is to award funding that strengthens society and improves lives across the UK.
There are seven Research Councils in the UK (see table below), all of which are now part of UK Research and Innovation.Each council receives funding from the Government's Science Budget (administered through the Department for Business, Innovation and Skills) to fund research in a different area of research with a view to improving the UK economy, society and creating a sustainable world. [1]
Starting with 1999-2000, maintenance grants for living expenses would also be replaced with loans and paid back at a rate of 9 per cent of a graduate's income above £10,000. [11] All loans would be government funded and administered by the Student Loans Company, the organisation responsible for administering loans throughout the UK. [14] [note 2]
In 2013-14 community foundations across the UK generated more than £9m in private donations for communities, as well as more than £6m from businesses and a further £7m from government. They support more than 1,000 large donor clients, have £500m of endowed funds under their management, and every year around 21,000 grants are made across the ...