In 2011, research carried out by the Department for Culture, Media and Sport on the operating costs of distributing funding found that UK Sport was the most efficient of all the statutory funders appraised, spending just 4.4% of its £56.5m turnover on grants - well ahead of Sport England, which spent 12.3% of its income on making grants, and the Arts Council, which spent 10.5%.
The remainder likely results from the vagaries of the turnover of grants: Awards can be from 3 to 5 years in length, so the number that expire and free up money for new grants fluctuates each year.
Instead, companies often try to combat turnover with big salaries and option grants.
While its grant was £90,000, its annual turnover was £330,000.
At the time of the announcement, Out of Joint had an Arts Council grant of £525,000, and our turnover was just over £1m annually.
This is higher than the proportion of BAC's turnover funded by Wandsworth's combined package of grant, maintenance and 'rental value' prior to the cut.
The Global Fund should also minimize the turnover of its staff in order to reduce grant implementation delays.
Some of the organizational and professional system forces structuring their attitudes and actions were grant-related timelines, administrative burdens, and team turnover.
Our turnover is in excess of £800m, of which less than 20% is now grant from the public purse.
The turnover of trucks and related buying may also have been hastened by federal grants offered by the Department of Homeland Security in the wake of the 2001 terrorist attacks.
