The purpose of this section is to help you plan out a comprehensive budget for your work experience. It is essential that you complete this section of the application form. Failure to provide a budget will result in a score of 0 when reviewing this part of the application. There are 2 parts of the budget section; the data fields located in the form and a completed budget planner document which needs to be uploaded to the application when submitting (please ensure you use the template attached to the application form to create your budget planner). The table will allow you to identify individual costs associated with the work experience (e.g. accommodation costs). The budget planner will allow you to provide evidence to support your budget figures (e.g. a screenshot from a website showing the accommodation cost).
Online budget data fields
You should insert all the costs you will incur as a result of going on your work experience or internship opportunity in your application. This should include both the costs to be covered by the Work Experience Bursary for which you are applying, and those you plan to finance from elsewhere.
If your work experience is yet to be confirmed, please provide estimates of what the costs may be. You can re-confirm these costs at a later stage once finalised. For example, if you know the approximate location and length of the work experience, provide an estimate of costs based on this and include a note that is based on estimates only. These estimations will still need to be supported by evidence from your research into what the costs are likely to be.
If you will be receiving a salary for your work experience opportunity and/or allowances, you can only apply for a Work Experience Bursary if these do not cover the total cost of your opportunity. You must include the total salary and/or allowances you expect to receive. You may then apply for a Work Experience Bursary to contribute towards any remaining costs – which the application form will automatically calculate for you.
We will not be able to fund expenses that you are/will incur regardless of undertaking your work experience placement. We will also not be able to fund travel expenses to your home town/country.
To support the costs you add in on your application form, you should provide supporting evidence by completing and submitting your budget planner (please ensure you add your name and student ID number to your budget planner). In addition to the evidence, you should also include any calculations within your budget planner to demonstrate how costs were identified. This is especially important when the evidence doesn’t directly match the figures entered,
When submitting your budget planner please make sure it is clear what information we should be referring to and which cost it is relevant to. In the past students have included entire documents or provided website addresses with no accompanying evidence from them. The judging panel do not have the time to search through information or websites for the relevant section, therefore please include a screenshot of any webpages you are referring to.
Where costs in your budget or supporting evidence are shown in a foreign currency, you must also provide a conversion demonstrating the costs in pounds sterling for each individual expense.
Screen shots and electronic versions of budgetary expenditure evidence are acceptable. Failure to supply comprehensive budget information and evidence will have a detrimental effect on your application.
Supplementary budget question
Please note: this question is not scored, however your answer will be reviewed by the panel and taken into consideration when making final decisions
How do you intend to make up the remaining amount required to fund your work experience? Please also tell us how you would fund the work experience if you were unsuccessful in receiving a bursary. Please include specific examples and a breakdown of how you will meet the costs of your work experience. Minimum 50 word answer.
E.g. Have you made any other applications for funding and what progress have you had with these? Do you have any personal savings or money from part-time work you intend to contribute? (Please identify if you intend to apply for more than one UoB bursary to fund your opportunity, for example the Student Development Scholarships)
For example tell us:
- If you have or intend to obtain a part time job to save some money towards your work experience
- If you have made applications to other sources of funding and where you are in the process
- If you hope to receive contributions from friends and family, fundraising or any other activities
The bursaries are designed to act as a contribution towards the cost of your work experience. Depending on the performance of your overall application, you may receive all, part of, or none of the funds you have requested. Therefore as part of your application you must demonstrate and identify alternative funding options as a contingency should you not be awarded all of your requested funds; you should not fully rely on the bursary to fund your experience.
Please identify what contingency plans you would seek to implement if you do not obtain a bursary. This will demonstrate to the judging panel your commitment to undertaking the opportunity and how well you have researched all aspects of the project.
Further details and guidance on alternative funding can be found on our website.
If for any reason you do not have a contingency plan and are unable to undertake the work experience without a work experience bursary, we have embedded a question to ask ‘Would you be able to undertake the work experience bursary if you were unsuccessful in receiving a bursary from us?’. This question is being asked to find out why students would be unable to self-fund their internship and answering ‘yes’ or ‘no’ will not affect your chances of being progressed to the next stage of the application process.
As well as rating your application against the above questions, the judging panel will also make an assessment, using all the information contained, as to how realistic and feasible the proposed work experience opportunity appears to be. In previous years some students’ contingency plans have been very brief and not provided assessors with a clear understanding of their feasibility.