Now Leverhulme has come riding over the horizon with a fistful of dollars. They are going to pump £1.5m into the scheme over the next three years. Adam Golberg at Nottingham has done more analysis of what this will mean in practice, and he reckons that it will be an extra 67 or so funded projects.
It remains to be seen whether the scheme will continue indefinitely, and what the success rate will be when the scheme reopens in the open. But in the meantime let's just thank Leverhulme for recognising the worth of small scale funding as an investment in the future.