3  Scheme Adminstration

3.1  General

3.1.1 RSLs wishing to operate the product are able to bid for funds  for initial applications from the Agency each bid round. Allocations for the SHB programme are subject to cash limits and where the demand for applications exceeds allocation, RSLs should operate a waiting list and then approach the Regional Investment Team to see if further funding is available. Further opportunities are also available for bidding through regular market engagement.

3.1.2 RSLs are not required to bid for Grant in respect of subsequent staircasing discounts, but will claim Grant in the usual way.  The Regional Investment Teams will fund staircasing discounts from any unspent initial application resources.

3.1.3 RSLs must notify their Regional Investment Team of any Variations to their programme from the original Bid and provide reasons for the variation. For details see Programme Management Section 6