TNAG-2765-FCO40-3982-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1993 — Page 115

Phasing out of UK/IIK Joint Funding Scheme

Projections on Funding Requirements and Possible Savings

(I) If the Scheme continues in its existing form, funding requirements will be:

91-92

92-93 (Revised Estimates)

93-94 (as per Estimates)

94-95

95-96

96-97

(a) Total applications

2,353

2,382

2,489

2,601

2,718

2,840

(b) Successful cases

1,797

2,034

2,126

2,117

2,212

2,312

(c) Average assistance (Grant + Loan)

£3,675

£4,004

£4,246

£4,535

£4,843

£5,172

(d) Total assistance req'd

(b) x (c)

£6.60M

£8.14M

£9.03M

£ 9.60M

£10.71M

£11.96M

(e) Contribution by UKG

£2.18M

£2.2M

£2.2M

£2.2M

£2.2M

£2.2M

(f) Contribution by HKG

Grant

£2.18M

£2.2M

£2.2M

£2.2M

£2.2M

£2.2M

Loan

£2.24M

£3.74M

£4.63M

£5.20M

£6.31M

£7.56M