Following our article on minimising the risk of funding clawback in 2016, we have assisted clients with a range of clawback issues, and have seen a marked increase in the frequency of clawback being sought in substantial projects.
The impact of any financial penalties imposed following audits by DCLG/ERDF to funding recipients can be substantial.
However, there are ways in which grant recipients can minimise the likelihood of clawback, including:
- proactive and early planning and advice on the design and execution of the procurement process itself;
- careful management and advice during any audit process, when representations are made to funders about the evaluation undertaken; and
- a well-planned approach to correspondence with funders to reject/minimise any suggested financial penalties.
If you need any further information, or are facing a claim for funding clawback, please get in touch with the contacts below.
Partner, Head of Commercial Disputes and Co-Head of Healthcare Sector
Co-Head of Healthcare