2
(II) If the Scheme is phased out w.e.f. 1994-95, and maintaining the 1993-94 Grant/Loan split ratio in the
funding arrangements, requirements would be:
92-93
93-94
94-95
95-96
96/97
(as per Estimates)
(a)
Total applications
2,382
2,489
1,417
709
0
(b)
Successful cases
2,034
2,126
1,417
709
0
(c)
Average assistance
£4,004
£4,246
£4,535
£4,843
0
(Grant + Loan)
(d)
Total assistance
£8.14M
£9.03M
£6.43M
£3.43M
0
required
(b) x (c)
(e)
Contribution by UKG
£2.2M
£2.2M
£1.57M
£0 84M
(f)
Contibution by HKG
Grant
£2.2M
£2.2M
£1.57M
£0.84M
0
Loan
£3.74M
£4.63M
£3.29M
£1.76M
0