Financial appraisal for heritage projects
This guidance is designed primarily for heritage projects that plan to make a charge for entry, or for use of facilities or for other services provided, for example, venue hire, catering, or retailing. If your project is not based at a physical heritage site, but will be dependent on generating a revenue stream (for example, from a website), you will still need to undertake a market and financial appraisal. This guidance explains how to do that and how to present the evidence for your project’s financial viability in your second-round application.
Essential for… Applications for Heritage Grants of over £1 million.
Useful for… Any Heritage Grants project (grants over £100,000) that is dependent on generating an additional revenue stream for financial sustainability.
- Links to other parts of your application
- Assessing the market for priced services
- Undertaking financial appraisal
- Websites and online services
- Appendix A: Sources of information
- Appendix B: Income and spending table
- Appendix C: Cash flow
- Appendix D: Glossary of common terms
Find other recommended reading under further resources.