Have you developed a financial model that accounts for different scenarios for both the volume of participants and their success at achieving outcome payment milestones? Have you engaged with stakeholders and do they agree with the financial model? For LCF – Can you justify the amount of money you are applying for?
The financial model has been developed and this shows the financial effect of different scenarios for both the volume of participants and their success at achieving payment milestones. All stakeholders (commissioner, investor, provider) understand and support the financial model and understand the implications in terms of budgeting / financial planning / cash flow.
(If your project is LCF funded you have justified the amount of top up money you are applying for.)
The financial model does not show the effect of different scenarios regarding volume of participants and/or success at achieving payment milestones. The stakeholders either do not understand or do not support the financial model.
(If your project is LCF funded, there is an unconvincing justification for top-up funding.)