8


The sole source of income for the Trust is derived from investment returns. When setting the annual budget the Trustees take into account the professional advice offered by their investment managers regarding the market outlook, investment trends and yield, and the prospect for future capital growth.


Expenditure targets may be over or under-spent in an individual year in a controlled manner


reflecting demand and the quality of applications. A


P C TIPLIA ON PR CE URO D E


The majority of applications for assistance are considered by the Trustees four times a year in March, June, September and December. There is also a Grants Sub Committee whose remit is to consider small grant applications for up to £3,000 per application, and up to a maximum of £15,000 in any one financial year. The Grants Sub Committee also handles applications from individuals for a maximum grant of £500 per individual.


The Trustees welcome applications for funds from educational establishments with a hospitality department; industry associations and charitable organisations with specific hospitality related educational projects; and individuals who are undertaking a hospitality degree/postgraduate course or a craft course. The Trustees believe in helping well thought-out, balanced, sustainable and environmentally friendly projects that will, in the long-term, make a real difference and impact on the hospitality industry.


The Trustees also place great importance on a facility being as environmentally friendly as possible. Therefore if applying for funding towards a kitchen, the applicant will need to show/demonstrate that consideration has been given to reducing the carbon footprint and that the equipment selected is as environmentally friendly and energy efficient as possible.


The diagram below outlines the information the Trustees take into account when considering applications from educational establishments.


We will want to know What


qualifications do you offer?


What is your careers


information like?


How many


students do you attract?


We will want to know


What are your facilities like?


What is your employer


engagement like?


Do your


students stay in the


industry?


Do your


students leave ‘job ready’?


The Trust has a website, www.savoyeducationaltrust.org.uk, containing full details on the Trust and its activities, together with details on how to apply for funding.


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