FINANCING

GRANTS

 
A Youth Economy grant is a sum of money given by the Youth Economy Agency for a particular purpose. Grants are not required to be paid back by the entity receiving them, but there will be controls to ensure that the funds are put to the exact use for which they were requested and approved.
 

LOANS

 
A Youth Economy loan is a sum of money given by the Youth Economy Agency. Loans are required to be paid back by the entity receiving them. The interest rate on these loans are designed to ensure easy repayment by the recipient. As with grants, there will be controls to ensure that the funds are put to the exact use for which they were requested and approved.