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To make the best use of opportunities you need to be aware of your wider funding needs and consider each opportunity in this context. 6 What terms and conditions might be attached to any offer? Some funders will ask for little other than an acknowledgement of their support. But funders who expect funded organisations to meet certain standards will often be happy to explain in advance what these are. It’s unlikely to cause any major problems but it’s important to check in advance – as there could be implications for how you manage your project. Make sure you can accept the terms of the grant before you apply. 7 Have we included the full costs of this project in our application? Do you know what your full costs are and have you asked the funder to meet them? It’s easy to overlook the costs of management and administration, which underpin the project for which you are applying. There are still funders who will only consider direct project costs, but increasingly funders recognise that organisations need to cover their full costs. Make sure you know and understand the principles of Full Cost Recovery before you start. 8 Aside from this grant, are there any other ways we could fund this activity? Grants can be incredibly useful but also limited in terms of what they support, how long they take to apply for and when they are available. Sometimes a loan can help you respond to a need or