Document background
The Grant Letter of Interest (LOI) serves as a crucial intermediate step in the Australian grant funding process, typically issued after initial review of a grant application but before the formal grant agreement. It is commonly used when a funding body wants to indicate serious interest in supporting a project while certain conditions still need to be met or details finalized. The LOI outlines key terms such as proposed funding amount, conditions precedent, and timeline for formal agreement, providing the recipient with a degree of certainty for planning purposes while maintaining flexibility for the grantor. This document type is particularly relevant in Australian government and institutional funding contexts, where it helps manage expectations and resources during the grant approval process. The content and structure must comply with Australian grant administration requirements, including the Commonwealth Grants Rules and Guidelines.
