The problem for large capital expenditures is they will last well beyond the grant, but they need to exist in order for the grant to be done. But a lot of funde

The problem for large capital expenditures is they will last well beyond the grant, but they need to exist in order for the grant to be done. But a lot of funders don't want to pay for things that will last well beyond the project they're paying for. Indirects are one way to do this. Large capital acquisition grants are another.