What happens if the external sponsor goes out of business or withdraws funding for some reason?
If this should happen before decisions on awards are made an applicant should inform the relevant Research Council at once. If an alternate sponsor can be found who is willing to provide funds on the same terms immediately then the application can proceed. If not, the application must be withdrawn. If the sponsorship is withdrawn after an award has been made then applicants must contact the relevant funding body immediately. If a new sponsor can be found to provide the same funding or a better deal within a time frame to be decided by the funding body, then the award will proceed. However, if no substitute external sponsor can be found, the award will be withdrawn. In these instances, applications may be resubmitted the following year.
