07/02/2012  

Jargon Buster

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Accountable body The legal entity nominated to act on behalf of the partnership in taking responsibility for the receipt and use of SRB grant.

Actual Match Funding Project expenditure financed by sources of eligible private or public funds other than the main source of programme funding. Money from private funds originates from private enterprise.

Added Value The amount of extra benefit in terms of outputs gained as a result of a particular identified input to the project.

Additionality A fundamental principal of public funding: a project should achieve things that would not have happened without it. The extent to which an activity is undertaken on a larger scale, takes place at all, or earlier, or within a given geographical area as a result of the programme.

Area Based Initiatives (ABIs) Government initiatives for reviving communities aimed at tackling all the problems in a neighbourhood rather than one or two aspects.

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