What we spend and how we spend it

Grant in Aid

IWM receives just under half its annual funding as grant in aid from the Department for Culture, Medie and Sport (DCMS).  The level of grant in aid is set currently for four years, and the terms under which grant in aid is provided to IWM is set out in the Funding Agreement.  IWM reports regularly to DCMS on how it has met the agreed targets and objectives.

Funding agreement 2011

Other Funding

The majority of the funding for our core activities is raised by means of charitable giving, philanthropic support, spornsorship and donations, admission charges and IWM's commercial activities.  Commercial activities are conducted through the IWM Trading Company Ltd and include retail, corporate hospitality, public catering, air shows, private tours, pleasure flying, publishing and licensing of the collections.

Annual Report and Accounts (including the Trading Company)

Trading company accounts and other information can also be found on the Companies House website

Expenditure

Plans for spending over the next three years are contained in the Corporate Plan, which is reviewed every year.

IWM Corporate Plan

 

Spend items over £25,000

Details of supplier payments for individual invoices exceeding £25,000 are shown here.  These details are updated monthly.

See all data for IWM spend over £25,000 at data.gov.uk

IWM Spend March 2017

IWM Spend February 2017

IWM Spend January 2017

IWM Spend December 2016

IWM Spend November 2016

IWM Spend October 2016

IWM Spend September 2016

IWM Spend August 2016

IWM Spend July 2016

IWM Spend June 2016

IWM Spend May 2016

IWM Spend April 2016

IWM Spend March 2016

IWM Spend February 2016

IWM Spend January 2016

IWM Spend December 2015

IWM Spend November 2015

IWM Spend October 2015

IWM Spend September 2015

IWM Spend August 2015

IWM Spend July 2015

IWM Spend June 2015

IWM Spend May 2015

IWM Spend April 2015

IWM Spend March 2015

IWM Spend February 2015

IWM Spend January 2015

IWM Spend December 2014

IWM Spend November 2014

IWM Spend October 2014

IWM Spend September 2014

IWM Spend August 2014

IWM Spend July 2014

IWM Spend June 2014

IWM Spend May 2014

IWM Spend April 2014

IWM Spend FY 2013 - 2014

IWM Spend FY 2012 - 2013

IWM Spend FY 2011 - 2012

IWM Spend FY 2010-2011

Pay and grading for staff

Information on the pay received by the Director-General and the Executive Leadership Team can be found in the Annual Report

IWM's pay and grading structure can be found here (INSERT LINK)

Procurement

The procurement of all works, goods and services is based on best practices and value for money, having due regard for propriety and regularity.  The responsibility for the operation of efficient and effective procurement processes lies with the Head of Procurement.

IWM Procurement Policy