The Memorials Grant Scheme makes grants towards the VAT incurred
by registered charities and faith groups excepted from registering
as charities, in the construction, repair and maintenance
of public memorial structures. The scheme is only valid for
the construction, renovation and maintenance of memorials
on or after 16 March 2005.
The scheme is currently funded until 31 March 2021 and will
operate with an annual budget of approximately £0.5million.
The precise budget for each financial year will be published
on the scheme’s website each year.
Payment will be made once a quarter and the payable rate
will depend on the value of the eligible claims received in
that quarter, with each claim attracting a pro rata payment.
Please refer to the Claim Payment section on page 4 for details
of the pro rata calculation.
The maximum grant payable in response to any application
will be 20% of project costs (i.e. the maximum payable will
be the full rate of VAT incurred on eligible expenditure).
If the total funding is not used in any quarter, it will be
available in the following quarter, but not transferrable
between years. We are prevented by accounting rules from transferring
any year end excess into the next financial year.
The scheme is being administered by DCMS for the whole of
the United Kingdom.