Authority Funding definition
Examples of Authority Funding in a sentence
Over time, Resident A’s assets and cash reduce in value to a level where they might qualify for Local Authority Funding.
If we know the amount of the Local Authority Funding when this Agreement is signed, that amount should be stated in the Admission Request.
This illustration also shows the good sense for not delaying the start of an application for Local Authority Funding.
Since 2018 the financial threshold in England for Local Authority Funding has been £23,250.
This clause 5 is designed to cover any shortfall between Local Authority Funding and the Residential Fees.
When entering one of our homes, a hypothetical resident (“Resident A”) has assets and cash substantially above the financial threshold, therefore does not qualify for Local Authority Funding and so Resident A pays the full fee of £1,500 per week.
Resident A applies for Local Authority Funding on 1 February 2025.