What happens if the project budget and request for grant funding changes due to new information?
To ensure the competitive application process is fair, we won’t accept any material changes to the original project specifications between lodgement of the EOI application and financial close.
Section 7.2 of the guidelines states that a material change may include, but is not limited to, an increase in the size of grant requests greater than 10% of the grant request at the EOI stage.
The office may, at its discretion, determine it is appropriate to allow an increase in the amount of an applicant’s request for grant funding. The office may exercise discretion in this regard if it is considered to represent value for money and is in line with the Initiative objectives. This would be subject to the applicant meeting any conditions imposed in an offer to negotiate letter.
Section 7.2 of the guidelines provides more information on material changes.