Subvention

A subvention is a grant of money, especially one made by a government or other public body to an organization or project to help it cover its costs. It's a form of financial aid designed to support a specific activity, industry, or entity, often with the intention of promoting a social or economic good. Subventions are typically awarded based on pre-defined criteria and are often subject to accountability measures to ensure the funds are used as intended. They are distinct from investments, as they typically do not entail a return of capital or ownership stake, and from subsidies, although the terms are sometimes used interchangeably.

Subvention meaning with examples

• The arts council decided to issue a subvention to the struggling local theatre, allowing them to continue staging productions and providing cultural experiences to the community. This grant was critical for their survival.
• Researchers secured a significant subvention from the scientific foundation for a groundbreaking study on climate change effects. They hope to finish their study on time.
• The city government offered a subvention to small businesses affected by the recent economic downturn, hoping to stimulate the local economy and reduce the rate of company closures.
• Farmers in the region received a subvention to help them modernize their agricultural practices, implementing more sustainable farming techniques which should benefit everyone.
• The national museum received a large subvention to improve its exhibition spaces, attract more visitors, and enhance the educational programs offered to schools and the public at large.