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Application Forms and Guidelines

10. How is the funding released to the applicant if the application is successful?

For a 3-year programme, 100% of the approved amount for the first year will be released after the ATF Secretariat has received applicant's written confirmation of acceptance of the approved grant and 50% of the second year's grant will be released at the beginning of the second year.

The applicant is required to submit a progress report and an audited statement of accounts for the first year within two months after the commencement of the second year. Upon receipt of the report and subject to the satisfaction of the Council, the second half of the second year's grant and half of the third year's grant will be released in the middle of the second year.

The applicant is required to submit the progress report for the second programme year within two months of the third year. Upon receipt of the report and subject to the satisfaction of the Council, 40% of the third year's grant will be released in the middle of the third year.

The remaining 10% of the third year's grant will be released subject to the submission of a satisfactory final report and an audited statement of accounts within two months of the completion of the programmes.