If your project exceeds £50,000 you will require match funding and should be in place at the point of submission of a Stage 2 application. 

The following match funding criteria applies:

• Arts and humanities, science and medicine or health and disability programmes: The Foundation typically stipulates that a minimum of 25% of the project’s capital costs must be secured prior to submission, except in cases where the project cost is below £50,000.
• Schools/education programme: For projects exceeding £1 million in total cost, a 25% match funding is obligatory. Projects falling within the range of £50,000 to £1 million necessitate some matching funds. Conversely, projects with a total cost below £50,000 do not mandate any match funding.