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.
Subvention Synonyms
aid assistance contribution endowment financial aid funding grant subsidySubvention Antonyms
charge divestment fine investment levy loan tax withdrawalSubvention Crossword Answers
7 Letters
SUBVENT
10 Letters
UNDERWRITE