What is the difference between capital and revenue

For the purposes of the Community Initiatives Fund, ‘capital’ spend is as defined by the auditors at Essex County Council, which may differ from the definition to a smaller organisation.

Outlined below are some examples:

Capital costs (eligible) – examples include major works to village/community halls such as replacing the roof, renovating the kitchen, installing double glazed windows, new flooring, providing disabled toilet facility, etc., play area equipment, skateboard equipment, purchase of land for community use (e.g., playing field), fencing work to secure community area, noticeboards, new community buildings, etc.

Revenue costs (not eligible) – examples include salary payments, lease or rental payments, uniforms, small sports equipment (footballs, portable equipment, etc.), day trips, day to day running costs, routine repairs and maintenance (painting, etc.), computer equipment, furniture, white goods in kitchens, grass-cutting machinery, etc.

Costs such as computer equipment, furniture and white goods in kitchens on their own are not eligible, but if they form part of a larger new build project, they can be included.

These lists are not exhaustive, and if you are unsure whether your project is capital or revenue funding, please contact Beverly Davies for guidance.
info@communityinitiativesfund.co.uk
 07929 543523