Jargonbuster

This section will aim to provide a glossary to some of the jargon terms that are a feature of work in this area. If there are other terms you think need explained, please email them to: jargon@fvl.org.uk

CVS stands for Council for Voluntary Service - a locally based membership body for third sector organisations. (There are four CVS within Forth Valley and Lomond - Clackmannanshire, Falkirk, Stirling and West Dunbartonshire).

ERDF stands for European Regional Development Fund, the European Union's major fund supporting capital and infrastructure costs.

ESF stands for European Social Fund, the European Union's major fund supporting revenue and people development costs, particularly improving skills and tackling unemployment.

In -kind contribution: An in-kind contribution is a non-cash contribution to a project, typically donated goods or services necessary for the project to proceed and which otherwise would need to have been purchased.

Intervention: the minimum proportion of European money required to enable the project to proceed. For example, an intervention rate of 45% on a project costing £10,000 in total would require £4,500 from European sources (LEADER) and £5,500 from other sources.

LEADER stands for Liaison Entre Actions de Développement Économique Rurale which means “links between activities developing rural communities”. It is the European Union's major funding programme for local rural development.

Match funding: All European projects require to have "match funding" - that is, some of the total costs of the project need to come from other (non European Union) sources. Match funding can either be "cash" or "in-kind". Cash match-funding might be attracted from a range of sources including from national or local government or their agencies, from Lottery sources, from charitable trusts or foundations, or from third sector organisation's own resources. "In-kind" match funding will be donated goods or services, including use of office accommodation, gifted supplies, or, in certain circumstances, from donated volunteer time.

SCVO stands for Scottish Council for Voluntary Organisations, Scotland's membership body for third sector organisations.

Third sector is the collective term used to describe organisations that are neither government bodies ("the public sector") or profit-distributing companies ("the private sector"). Third sector organisations include local voluntary organisations, charities, development trusts and social enterprises.