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Having too many separate funding streams is inefficient. To avoid this, before you establish a new funding stream for your programme, you must check whether your programme’s objectives can be met through an existing programme, including those provided by other public bodies. This may mean adding your programme’s objectives and money to those of an existing programme.
If you are concerned that the objectives of your programme may get ‘lost’ in the existing programme, considerring-fencing your programme’s money within the existing programme. Note that this may reduce the provider’s ability to respond flexibly to local needs.
If, having considered joining-up options, you decide to establish a separate financial stream for your programme, you should ensure that your funding model is aligned with other relevant funding streams [Footnote 1]. For example:
- Different funders and commissioners should rely on evidence collected by each other, rather than duplicating monitoring or inspection requirements
- Many terms and conditions are not specific to any particular programme and should be broadly consistent across different financial streams.
Notes
- One of the ambitions of this DST is eventually to be able to offer to government bodies a small number of standard funding models that can be used, with small adjustments, in any situation. Drafts of these models are set out in Annex E: Examples of funding models.
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